Draft Treaty establishing the European Union

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Part Four THE POLICIES OF THE UNION

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Article 58 Regional policy

Article 58 Regional policy

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The regional policy of the Union shall aim at reducing regional disparities and, in particular, the under-development of the least-favoured regions, by injecting new life into those regions so as to ensure their subsequent development and by helping to create the conditions likely to put an end to the excessive concentration of migration towards certain industrial centres.

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The regional policy of the Union shall, in addition, encourage transfrontier regional cooperation.

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The regional policy of the Union shall comprise:

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the development of a European framework for the regional planning policies pursued by the competent authorities in each Member State,

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the promotion of investment and infrastructure projects which bring national programmes into the framework of an overall concept,

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the implementation of integrated programmes of the Union on behalf of certain regions, drawn up in collaboration with the representatives of the people concerned, and, where possible, the direct allocation of the requisite funds to the regions concerned.

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