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Council Decision 2013/755/EU of 25 November 2013 on the association of the overseas countries and territories with the European Union (‘Overseas Association Decision’)
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The general objectives of the trade and trade-related cooperation between the Union and the OCTs are to:
promote the economic and social development of the OCTs by establishing close economic relations between them and the Union as a whole;
stimulate the OCTs’ effective integration in the regional and world economies and the development of trade in goods and services;
support OCTs in creating a favourable investment climate to support social and economic development of OCTs;
promote the stability, integrity and transparency of the global financial system, and good governance in the tax area;
support the process of diversification of OCTs economies;
support OCTs capacities to formulate and implement policies necessary for the development of their trade in goods and services;
support the OCTs’ export and trading capacities;
support OCTs’ efforts to align or converge their local legislation with Union legislation, where relevant;
provide possibilities for targeted cooperation and dialogue with the Union on trade and trade-related areas.
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