ABSTRACT
The Euro-Mediterranean Partnership is based on two fundamental principles. Firstly, an area of peace, stability, and security in the Mediterranean can only be established through the promotion of more balanced economic growth and development. Secondly, the Partnership will only be successful if accompanied by a dialogue between both sides of the Mediterranean, observing the principles of equality and mutual respect. In the spring of 1995, the threefold approach to Euro-Mediterranean cooperation proposed by the Commission in its several communications came into sharper focus. The ‘Euro-Mediterranean Conference’ was held in Barcelona on 27 and 28 November 1995. In 1995, the European Union and Israel signed a Euro-Mediterranean association agreement that replaced the 1975 agreement on trade and economic cooperation and the subsequent protocols. It called for a permanent political dialogue, a free trade area to be set up in accordance with World Trade Organisation rules, and a variety of social, cultural, economic, and scientific cooperation measures.
