Article 42

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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Source: EUR-Lex (Cellar) · retrieved 2026-11-02 · Text as adopted (Official Journal); later amendments are not incorporated in this text.