To relaunch and strengthen the strategic partnership between the European Union and its Southern Neighbourhood partners, the European Commission and the High Representative yesterday adopted a joint communication proposing an ambitious and innovative new Agenda for the Mediterranean.
The new Agenda is based on the conviction that by working together and in a spirit of partnership, common challenges can be turned into opportunities, in the mutual interest of the EU and its Southern neighbours.
It includes a dedicated Economic and Investment Plan to spur the long-term socio-economic recovery in the Southern Neighbourhood. Under the new EU's Neighbourhood, Development and International Cooperation Instrument (NDICI), up to €7 billion for the period 2021-2027 would be allocated to its implementation, which could mobilise up to €30 billion in private and public investment in the region in the next decade.
The new agenda focuses on five policy areas: Human development, good governance and the rule of law; Resilience, prosperity and digital transition; Peace and security; Migration and mobility; Green transition: Climate resilience, energy, and environment.