External aid, investment and trade as instruments to reduce the reasons of economic migration, with a special focus on Africa (own-initiative opinion)
When it comes to development and EU-Africa relations, the EESC consistently emphasised the importance of sustainable development and cooperation based on the rule of law and the respect for human rights. Initiatives focused on trade, investment and business relations with Africa could be welcomed, but not to the detriment of traditional development policies focusing on reaching the Sustainable Development Goals (SDGs). EU and Africa leaders agreed in 2015 at the Valletta summit on migration on setting up the EU Trust Fund for Africa (EUTF), as the main instrument of EU external migration policy. The Fund finances the development of border protection capacities, but also long-term development policy projects so as to decrease the likelihood of further migration.