In a declaration issued at the third European Union-Latin America/Caribbean Summit, held in Guadalajara, Mexico, on 28 and 29 May 2004, the Heads of State or Government recognise the importance of regional integration and support projects aimed at promoting sustainable economic, social, cultural and human development on a regional basis. Accordingly, they undertake to continue to cooperate bi-regionally in the development and institutionalisation of the integration processes in Latin America and the Caribbean.