The cooperation with industrialised and other high-income countries and territories shall be aimed at engaging with partners which share similar political, economic and institutional structures and values to  he Community and which are important bilateral partners and players in multilateral fora and in global governance. The cooperation also covers newly industrialised or high-income countries and territories with which the Community has a strategic interest in promoting links.

Community financing is for supporting cooperation actions in the following areas of cooperation:

1. Promotion of cooperation, partnerships and joint undertakings between economic, academic and scientific actors in the Community and partner countries.
2. Stimulation of bilateral trade, investment flows and economic partnerships.
3. Promotion of dialogues between political, economic and social actors and other non-governmental organisations in relevant sectors in the Community and partner countries.
4. Promotion of people-to-people links, education and training programmes and intellectual exchanges and the enhancement of mutual understanding between cultures and civilisations.
5. Promotion of cooperative projects in areas such as research, science and technology, energy, transport and environmental matters – including climate change, customs and financial issues and any other matter of mutual interest between the Community and the partner countries.
6. Enhancement of awareness about and understanding of the European Union and of its visibility in partner countries.
7. Support for specific initiatives, including research work, studies, pilot schemes or joint projects destined to respond in an effective and flexible manner to cooperation objectives arising from developments in the Community's bilateral relationship with the partner countries or aiming to provide impetus to the further deepening and broadening of bilateral relationships with them.

The Community provisional funding available for the programme is:

• 172,00 Million EUR (Global Budget)