section_path: Regional cooperation
section_name: Regional cooperation
paragraph_text: Regional cooperation
  
  During the Baltic struggle for independence 1989–1992, a personal friendship developed between the (at that time unrecognized) Baltic ministers of foreign affairs and the Nordic ministers of foreign affairs. This friendship led to the creation of the Council of the Baltic Sea States in 1992, and the EuroFaculty in 1993.
  
  Between 1994 and 2004, the BAFTA free trade agreement was established to help prepare the countries for their accession to the EU, rather than out of the Baltic states' desire to trade among themselves. The Baltic countries were more interested in gaining access to the rest of the European market.
  
  Currently, the governments of the Baltic states cooperate in multiple ways, including cooperation among presidents, parliament speakers, heads of government, and foreign ministers. On 8 November 1991, the Baltic Assembly, which includes 15 to 20 MPs from each parliament, was established to facilitate inter-parliamentary cooperation. The Baltic Council of Ministers was established on 13 June 1994 to facilitate intergovernmental cooperation. Since 2003, there is coordination between the two organizations.
  
  Compared with other regional groupings in Europe, such as the Nordic Council or Visegrád Group, Baltic cooperation is rather limited. All three countries are also members of the New Hanseatic League, an informal group of northern EU states formed to advocate a common fiscal position.