Launch of the regional Team Europe Initiative (TEI) “Jobs through Trade and Investment” in the Southern Neighbourhood

May 23, 2022
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The fifth Union for the Mediterranean Ministerial on Employment and Labour, held on 17 and 18 May in Marrakech, Morocco, focused on “Employment and employability of the most vulnerable, especially among youth and women”. UfM Member States discussed the most pressing labour market challenges in the Euro-Mediterranean region, in particular on how to ensure an inclusive, green, digital and sustainable recovery for all, and particularly for the most vulnerable.

On the occasion of the meeting, the EU launched the regional Team Europe Initiative (TEI) “Jobs through Trade and Investment” in the Southern Neighbourhood.This TEI will contribute to the implementation of the new agenda for the Mediterranean and its Economic and Investment Plan.

The EU, the participating EU Member States, their development agencies, as well as the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) will mobilise around €2.8 billion to promote innovative approaches for employment creation in the Southern and Eastern Mediterranean, by boosting sustainable trade and investment; vocational training and skills; and inclusive entrepreneurship.

For more information

Press release

Countries covered:

  • Algeria
  • Egypt
  • Israel
  • Jordan
  • Lebanon
  • Libya
  • Morocco
  • Palestine *
  • Syria *
  • Tunisia