The Third Lomé Trade and Co-operation Convention between the European Community and the African, Caribbean and Pacific (ACP) countries was signed on 8th December 1984. It is valid for the period from 1.3. 1985 to 28.2. 1990 and incorporates an extension of SYSMIN, the special financing facility for mining products created five years earlier under Lomé II. Now that Lomé III has passed its mid-term it is time to take stock of what SYSMIN has achieved and to begin thinking about improvements to be negotiated for Lomé IV.