On 27 February 1975, the Togolese press leads with the negotiations for the establishment of a convention between the European Economic Community (EEC) and 46 African, Caribbean and Pacific (ACP) countries. For a few days, Lomé, the capital of Togo, becomes the ‘capital of cooperation between 508 million people’. The Lomé Convention provides for a system of cooperation combining development aid, industrial and technical trade cooperation and financial assistance. It guarantees that export revenues of the 46 ACP countries will remain stable, despite the risks of poor harvests or falling prices.