The EU is a key partner of the Democratic Republic of São Tomé e Príncipe. Relations are based on regular political dialogue under the Cotonou Agreement.
The EU delegation in Gabon monitors the country's situation since there is no EU delegation in São Tomé e Príncipe. The local EU presidency is held by Portugal (as it was before the Lisbon treaty).
The country benefits from the European Development Fund with an allocated budget of €17.1m. Priorities include:
The country also benefits from a contribution to the PALOP/Timor Leste regional cooperation.
São Tomé and Príncipe has had a Fisheries Agreement with the EU since 1984 and a Fisheries Partnership Agreement since 2006. The current protocol under this agreement runs until 12 May 2014, and a new agreement is currently being negotiated.