Explanatory Memorandum to COM(2014)496 - Conclusion of the Agreement for scientific and technological cooperation with the Faroe Islands associating the Faroe Islands to Horizon 2020

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1. CONTEXT OF THE PROPOSAL

On 18 March 2014 the Council authorised the Commission to open negotiations, on behalf of the European Union, with the Faroe Islands on an Agreement between the European Union and the Faroe Islands associating the Faroe Islands to Horizon 2020 - the Framework Programme for Research and Innovation (2014-2020).

Negotiations were concluded and resulted in the attached draft agreement text. The Commission proposes that, following authorisation for the signing and provisional application of the Agreement, the Council concludes the Agreement on behalf of the European Union.

The attached proposal is for a Council decision on the conclusion of the Agreement. The Commission proposes that the Council:

– concludes the Agreement on behalf of the European Union.

1.

LEGAL ELEMENTS OF THE PROPOSAL



The proposal for a Council decision is based on Article 186 and 218(6)(a) and 218(8) of the Treaty on the Functioning of the European Union.