Stabilisation And Association Agreement (Saa) Kosovo

The SAC shall be assisted in the performance of its duties by a Stabilisation and Association Committee. In order to contribute to the achievement of the objectives of this Agreement, Kosovo may receive EU financial assistance in the form of grants and loans, including loans from the European Investment Bank. The agreement with Kosovo was the first to be signed after the entry into force of the Treaty of Lisbon, which has the legal personality of the EU. [2] [3] As a result, an EU representative in Kosovo said: “Unlike the SAA with other countries in the region, this will be exclusively the EU agreement. The EU will sign it as a legal entity. [4] The agreement did not have to be ratified individually by each member state, some of which did not recognise Kosovo`s independence. The European Union will continue to support Kosovo`s progress towards Europe through the Stabilisation and Association Process, the EU`s policy to promote cooperation with the countries of the Western Balkans and regional cooperation. The Stabilisation and Association Agreements are at the heart of this process. To support the necessary reforms, the EU is allocating pre-accession assistance of around €11.7 billion to the Western Balkans and Turkey for the period 2014-2020, of which €645.5 million will be allocated to Kosovo. The agreement does not constitute recognition of Kosovo as an independent state by the EU or by certain EU countries. A Stabilisation and Association Agreement (SAA) between the European Union and Kosovo was signed today in Strasbourg.