What is the European Neighbourhood Policy and how does it function?

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What is the European Neighbourhood Policy and how does it function?

The European Neighbourhood Policy (ENP) is a foreign policy initiative of the European Union (EU) aimed at building closer political, economic, and social ties with its neighboring countries. It was launched in 2004 and covers 16 countries located to the east and south of the EU, including countries in Eastern Europe, the Caucasus, and the Mediterranean region.

The ENP functions through a combination of political dialogue, economic cooperation, and financial assistance. The policy seeks to promote stability, security, and prosperity in the EU's neighborhood by fostering democratic reforms, respect for human rights, and the rule of law. It also aims to enhance regional integration, economic development, and trade relations with the neighboring countries.

The ENP operates through bilateral action plans, which are negotiated between the EU and each partner country. These action plans outline specific objectives and priorities for cooperation in areas such as governance, economic integration, energy, migration, and security. Regular progress reports are issued to assess the implementation of these action plans and identify areas for improvement.

Financial assistance is a key component of the ENP, with the EU providing funding through various instruments such as the European Neighborhood Instrument (ENI). This financial support aims to help partner countries implement reforms, strengthen institutions, and promote sustainable development.

Overall, the European Neighbourhood Policy serves as a framework for the EU to engage with its neighboring countries, promote shared values, and work towards a more stable and prosperous region.