In July 2013 Tuvalu signed the Memorandum of Understanding (MOU) to establish the Pacific Regional Trade and Development Facility, which Facility originated in 2006, in the context of negotiations for an Economic Partnership Agreement (EPA) between Pacific ACP States and the European Union. The rationale for the creation of the Facility being to improve the delivery of aid to Pacific island countries in support of the Aid-for-Trade (AfT) requirements. The Pacific ACP States are the countries in the Pacific that are signatories to the Cotonou Agreement with the European Union.