The EU’s pact for the Mediterranean: Too little, too late?

The EU’s pact for the Mediterranean: Too little, too late?

Priority in Brussels must shift from projecting a model of governance to proving Europe remains a relevant partner. (Reuters)

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Anniversaries can be moments for some really honest reflection and accounting. As the EU prepares its new “Pact for the Mediterranean,” marking 30 years since the launch of the Barcelona Process, the balance sheet reveals a partnership operating at a significant deficit. The most telling figure is the estimated $108.6 billion in potential trade between the EU and countries in the southern Mediterranean that remains unrealized. It is a disappointing statistic that perfectly sums up decades of ambition consistently outpaced by constantly evolving geopolitical realities.