Through the signature of this MoU, ASCAME and the Union for the Mediterranean (UfM) commit themselves to promote business participation and private sector involvement in key activities and projects essential to the prosperous development of the Mediterranean region.
The parties share the principles expressed by the Euro-Mediterranean Heads of State and Governments and shall seek to strengthen collaboration mechanisms to contribute to a better understanding of the private sector in the Mediterranean region, especially in those challenges to be faced by micro, small and medium-sized enterprises, which represent some 90% of the already existing companies in those countries.