Article 1 
1. The Commission is hereby authorised to open negotiations for an international agreement on the creation of the EU-LAC Foundation as an international organisation between the European Union and its Member States and the Latin American and Caribbean countries. 2. The negotiations shall be conducted on the basis of the negotiating directives set out in the Addendum to this Decision.
Article 2 
The Commission is nominated as the Union’s negotiator.
Article 3 
The negotiations shall be conducted in consultation with the Latin America Working Group (COLAT/AMLAT).
Article 4 
This Decision is addressed to the Commission.