Barbados is an original member (1995) of the World Trade Organization (WTO) and participates actively in its work. It grants at least MFN treatment to all its trading partners. European Union relations and cooperation with Barbados are carried out both on a bilateral and a regional basis. Barbados is party to the Cotonou Agreement, through which  it is linked by an Economic Partnership Agreement with the European Commission. The pact involves the Caribbean Forum (CARIFORUM) subgroup of the African, Caribbean and Pacific Group of States (ACP). CARIFORUM is the only part of the wider ACP-bloc that has concluded the full regional trade-pact with the European Union. There are also ongoing EU-Community of Latin American and Caribbean States (CELAC) and EU-CARIFORUM dialogues.