Council Regulation (EC) No 1734/94 of 11 July 1994 on financial and technical cooperation with the Occupied Territories

COUNCIL REGULATION (EC) No 1734/94 of 11 July 1994 on financial and technical cooperation with the Occupied Territories
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 130w thereof,
Having regard to the proposal from the Commission,
Acting in accordance with the procedure referred to in Article 189c of the Treaty (1),
Whereas, having regard to the greater requirements that will be generated in the territories of the West Bank of the Jordan and the Gaza Strip, hereinafter referred to as the 'Occupied Territories', as a result of recent developments in the Middle East  peace process, new measures in the form of economic and social cooperation should be implemented in the said Territories in order to foster sustainable economic and social development, taking account of the experience acquired by the Community as a  major provider of aid to the Palestinian people;
Whereas to this end there should be a five-year programme (1994 to 1998); whereas this programme should be implemented with financing from the Community budget in the form of grants;
Whereas it is necessary to lay down the detailed arrangements and rules for administering the operations financed from the budget,