This new agreement presents an opportunity to update the legal framework underpinning the EU-Russia relationship, to reflect the substantial changes that both Russia and the EU have undergone since concluding the first Partnership Cooperation Agreement in the early 1990s, a press release from the EU Commission reads.
As an important global player, Russia is a vital partner for the EU in addressing global challenges and therefore topics such as Food Security, Energy Security, Climate Change, as well as the development of the world economy, are high on the agenda.
-I look forward to this Summit with President Medvedev, as it comes at a crucial moment for both Russia and the EU. Our economies are increasingly interdependent. The negotiation of a New Agreement provides a good opportunity to develop the potential of our strategic partnership, President of the European Commission, Jose Manuel Durao Barroso, said prior to the summit.
