1. We, the Heads of State and Government of the European Union and Latin America and the Caribbean, the President of the European Council and the President of the Commission, have convened in Madrid on 18 May 2010, in order to reaffirm our commitment to continue promoting and strengthening our Bi-regional Strategic Partnership based on our common principles, values and interests. To this end, we undertake to reinforce our dialogue and cooperation in the priority areas we jointly identified in five previous Summits since Rio de Janeiro in 1999 emphasizing for this Summit innovation and technology for sustainable development and social inclusion.

I    PARTNERS IN JOINTLY ADDRESSING GLOBAL CHALLENGES

2. In order to promote peace and security, freedom, democracy, rule of law, human rights and prosperity, we reiterate our commitment to multilateralism, mainly in the framework of the United Nations system. Within this context, we shall intensify our efforts at both sub-regional and bi-regional levels to identify common interests and, whenever possible, coordinate positions and actions in the multilateral organizations and fora of which our countries are Parties. In order to continue promoting an effective multilateral system, we remain willing to cooperate in the reform of the United Nations, with the aim of strengthening the capacity of the UN to face the many challenges posed by the new millennium.

We recognise the need to pursue the comprehensive reform of the main UN bodies, among them the General Assembly, ECOSOC and the Security Council with a view to enhancing the representativeness, transparency and effectiveness of the system.

3. We reiterate our support to nuclear disarmament and non proliferation. We commit ourselves to continuing our joint efforts toward the success of the VIII Review Conference on the Treaty on the Non-Proliferation of Nuclear Weapons.

4. We equally commit to the United Nations Conference on the Arms Trade Treaty, which will be undertaken in an open and transparent manner, on the basis of consensus, to achieve a strong and robust treaty.

5. We confirm our commitment to the Universal Declaration of Human Rights, and the 1993 Vienna Declaration and Programme of Action as well as to the promotion and protection of universal human rights as well as highlight our willingness to cooperate towards the common goal of attaining the highest human rights standards. Furthermore, we emphasise our mutual wish to extend our coordination, in fora such as the Human Rights Council in Geneva and the UNGA Third Committee in New York.