1. The definition of a common area of peace and stability through the reinforcement of political and security dialogue.
2. The construction of a zone of shared prosperity through an economic and financial partnership and the gradual establishment of a free-trade area.
3. The rapprochement between peoples through a social, cultural and human partnership aimed at encouraging understanding between cultures and exchanges between civil societies. In the Barcelona Declaration, the Euro-Mediterranean Partners agreed on the establishment of a Euro-Mediterranean Free Trade Area (EMFTA) by the target date of 2010. This is to be achieved by means of the Euro-Mediterranean Association Agreements negotiated and concluded between the European Union and the Mediterranean Partners, together with free trade agreements between the partners themselves. Turkey signed in 1995 an Association Agreement establishing the definite phase of a customs union with the EU.
Together with EFTA this zone will include some 40 States and 600-800 million consumers, i.e. one of the world's most important trade entities.
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