Objectives: To promote and expedite the economic, cultural and social development of the ACP States and to consolidate and diversify the relations between them and the Members of the Community in a spirit of solidarity and mutual interest. Summary of provisions: Part I sets out the general provisions of ACP-EEC co-operation. With a view to attaining more balanced and more self-reliant economic development in the ACP States, Parties undertake to make special efforts under this Convention to promote rural development, food security for the people and the revival and strengthening of agricultural production potential in the ACP States (art. 5). Parties further undertake, inter alia, to accord special treatment to the least-developed ACP States and take account of the specific difficulties confronting the landlocked and island ACP States (art. 7). Co-operation is to contribute in particular towards the control of drought and desertification in the framework of efforts to protect the environment and restore natural balances (art. 11). The Community is to provide adequate financial resources and appropriate technical assistance to ACP States (art. 19). The main sectors of co-operation covered by the Convention are agricultural and rural development and conservation of natural resources of ACP States, development of their fisheries with a view to expanding production for domestic consumption and export (art. 15), industrial development, development of mining and energy potential with a view to, inter alia, developing new and renewable sources of energy (art. 13), transport and communications, development of trade and services, and regional co-operation. Finally, title III of Part III provides for financial and technical co-operation between Parties. Institutional mechanisms: The institutions of the Convention are the Council of Ministers, the Committee of Ambassadors, and the Joint Assembly (art. 4).
This Convention allows international organizations to become Parties to this instrument. The following organizations have become Parties: EEC. This is not refelcted in the Parties' matrix attached.