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On 18 December 1994, the European Council and the Commission of the European Communities drew up a joint agreement to set up an association between the European Communities and their Member States and Bulgaria. When it comes into force, this collaboration agreement, as provided for in Article 124, will replace the Agreement on business and economic co-operation and trade signed in Brussels on 8 May 1990 between the European Economic Community and the Republic of Bulgaria. Some of the objectives of the association include the gradual setting-up of a free-trade area between the Community and Bulgaria...