The Union for the Mediterranean and the Intermediterranean Commission sign a cooperation agreement

Barcelona (ACN).- For the first time, the Union for the Mediterranean (UfM) signed a cooperation agreement with an organisation of regional governments, the Intermediterranean Commission of the Conference of Peripheral Maritime Regions of Europe. The CPMR Intermediterranean Commission held its annual Plenary Assembly in Barcelona on the 26^th and 27^th of June, since the President of the Catalan Government, Artur Mas, currently chairs the organisation. This organisation brings together 45 regional governments from 9 different Mediterranean countries. Furthermore, the UfM is based in Barcelona and groups the 27 European Union Member States and 16 countries from the Northern Africa, the Middle East and the Balkans together. At the press conference to present the signing of the agreement, which was held at the Catalan Government\u2019s Palace in Barcelona, political leaders asked the European Union to pay more attention to the South, as it has previously done with Eastern Europe.

\u201CEurope\u2019s great challenge is to look towards the South\u201D

The President of the Catalan Government and President of the CPMR Intermediterranean Commission, Artur Mas, stated that \u201CEurope\u2019s great challenge is to look towards the South\u201D. Mas asked the European Union to invest in southern Europe and in the African Mediterranean regions, which are on the other side of the European Union\u2019s border. The Catalan President compared the strategic importance of investing in the Mediterranean area to the importance it had in the prioritisation of Eastern Europe in the 1990s and 2000s.

The EIB should create a fund for SMEs investing in Mediterranean countries

The Vice President of the Conference of Peripheral Maritime Regions of Europe and President of Tuscany, Enrico Rossi, shared this claim. \u201CEverybody must understand that the southern Mediterranean has to be taken more seriously\u201D, stated Rossi. Rossi has been one of the main promoters of a fund for Tuscan companies investing in Mediterranean countries, which has been praised by the Plenary Assembly of the Intermediterranean Commission. According to Rossi, the rest of the regional governments from the Mediterranean area should create similar guarantee funds to defend the investments by SMEs. In addition, Rossi asked the European Investment Bank (EIB) to promote a similar guarantees fund for SMEs investing in Mediterranean countries at a European level.

Regions have \u201Cgreater knowledge about local realities\u201D

The Secretary General of the Union for the Mediterranean, Fathallah Sijilmassi, was happy with the signed agreement, which is the first one that the UfM \u2013 an organisation made up of states \u2013 has signed with an organisation made up of regions. According to Sijilmassi, the agreement will allow the UfM \u201Cto find synergies, complementarity [work], a sense of reality and tangible results\u201D. The UfM Secretary General praised the method of working with regional governments in international cooperation programmes since they have a \u201Cgreater knowledge about local realities\u201D, which will make the international organisation based in Barcelona \u201Cmore useful\u201D.

Barcelona, the capital of the Mediterranean

Besides, Sijilmassi underlined that the joint facts of hosting the permanent Secretariat of the UfM, and now holding the presidency of the Intermediterranean Commission, push Barcelona towards becoming \u201Cthe capital of the Mediterranean\u201D in its own right.