COMMISSION APPROVES MEASURES TO WIND UP THE EUROPEAN ASSOCIATION FOR COOPERATION.
In a recent Decision, the European Commission has given the go-ahead for the necessary arrangements to wind up the European Association for Cooperation (EAC) in line with Belgian law. The Association was set up in 1964 to recruit and manage technical experts in the signatory countries of the two Yaounde Conventions. In 1988, all staff provided by EAC in the EU Delegations to the African, Caribbean and Pacific nations were established civil servants. In October 1997, the Commission set up the Joint RELEX Funding Service (SCR) to manage EU aid to third countries, with responsibilities for the financial, accounting, contractual, legal and certain technical aspects of project management. The EAC was dissolved on December 31, 1998. EAC's liquid assets will be handed over to the Commission and the finalisation of the last balance-sheet of the liquidation will be subject to an external audit. Then a decision will be taken on the transfer of the accounts. The proceeds of the liquidation will be carried out by the Directorate-General for Personnel and Administration, the SCR and ECHO, in their respective capacities.