Territorial Pact in Context of Europe 2020

According to general acceptation, territorial pact is a contract between a different country's level of government (local, regional, national), a formalized local partnership on different market. This contract represents the relationship between governance and widespread participation of different social group, for different objectives (economic, social, and cultural). In context of Europe 2020, the territorial pact support regional and local governments to offer a sustainable instrument for its objectives: smart growth, sustainable development and growth based on sustaining social inclusion. Also, it is a new mode of governance in European Union, in which the parties are involved in phases of their ideas and financial resources to goals of Europe 2020. This paper presents the general specification concerning to territorial pacts in context of Europe.