Our current relations with acp countries are governed by the ACP-EU Partnership Agreement (2000), also known as the Cotonou Agreement, which brings together more than 100 partner countries and around 1.5 billion people. It is the most comprehensive Partnership Agreement ever signed between the EU and third countries. A new agreement between the EU and ACP countries was negotiated in 2018 and will replace Partnership Agreement 2000/483/EC. In order to adapt to new challenges, the agreement was revised in 2005 and 2010 to focus more on: under the new agreement, the EU can be more selective and flexible in the allocation and use of its developing resources. The allocation of development assistance is based on an assessment of a country`s needs and performance and involves the possibility of regularly adjusting financial resources accordingly. .