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AEC
(African Economic Community)
- Established in 1994;
members include all countries in the Organization of African Unity.
ECA objectives include;
-Promote economic,
social, and cultural development and
integration of African economies
-Achieve self-reliant development
-Removal obstacles to free trade within the AEC
- Total 1997 GDP: $690
billion
CEMAC
(Economic and Monetary Community of Central Africa)
- Formed in 1994;
members include Cameroon, Central African Republic, Chad, Congo,
Equatorial Guinea, and Gabon.
- The main goal of CEMAC
is to promote harmonious development of member states within the
framework of economic and monetary union.
- Total 1997 GDP: $29
billion
COMESA
(Common Market for Eastern and Southern Africa)
- Established in 1994; members include Angola, Burundi, Comoros, D.R.
Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Madagascar,
Malawi, Mauritius, Namibia, Rwanda, Seychelles, Sudan, Swaziland,
Tanzania, Uganda, Zambia, and Zimbabwe.
- Goals of COMESA include:
-“Economic prosperity through regional integration.”
-Promotion of trade within COMESA through removal of all internal trade
tariffs and barriers, including a free trade area beginning in
October
2000.
-Introduction of a common external tariff structure for trade outside of
COMESA.
-Eventual economic and monetary integration.
ECOWAS
(Economic Community of West African States)
-
Established
in 1975; members include Benin, Burkina-Faso, Cape Verde, Cote d’Ivoire,
Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania,
Niger, Nigeria, Senegal, Sierra Leone, and Togo.
-
ECOWAS
objectives include:
-Promoting
economic integration “in all fields of economic activity.”
-
Total 1997
GDP: $111 billion
Gambia
River Development Authority (OMVG)
-
Founded in
1960; members include Gambia, Guinea, Guinea-Bissau, and Senegal.
-
Total 1997
GDP: $13 billion.
IGAD
(Intergovernmental Authority on Development)
-
Established
in 1986; members include Djibouti, Eritrea, Ethiopia, Kenya, Somalia,
Sudan and Uganda.
-
IGAD
objectives include;
-Promote joint development and harmonize macro-economic policies and
programs Encourage trade and investment
-Promote programs and projects to encourage sustainable development of
natural resources and environmental protection
-Develop a coordinated and complementary infrastructure in the areas
of
transport, telecommunications, and energy
-
Total 1997
GDP: $84 billion
Organization
for the Development of the River Senegal Basin
SADC
(Southern African Development Community)
-
Established
in 1992; members include Angola, Botswana, Democratic Republic of
Congo, Lesotho, Malawi, Mauritius, Mozambique, Seychelles, South
Africa, Swaziland, Tanzania, Zambia, and Zimbabwe.
-
SADC
objectives include:
-Harmonization and rationalization of policies and strategies for
sustainable
development in all areas.
-Reduction of trade barriers over 8 years beginning in January 2000.
-
In 1998,
South Africa trade with SADC represents around 5%-7% of its total
world trade.
-
Total 1997
GDP; $186 billion
UEMOA
(West African Economic and Monetary Union)
- Established in 1994;
members include Benin, Burkina Faso, Cote d’Ivoire, Guinea-Bissau,
Mali, Niger, Senegal, and Togo.
- Regional integration --
as of January 1, 2000, intra-UEMOA tariffs are to be lifted and a
common external tariff applied to all other imports.
- Creation of a single
regional market. The UEMOA countries already share a single currency
and monetary policy.
- Total 1997 GDP: $42
billion
UMA (Arab
Maghreb Union)
-
Established
in 1964; members include Algeria, Libya, Mauritania, Morocco, and
Tunisia.
-
UMA
objectives include:
-Strengthen all forms of ties among member states
-Ensure regional stability and enhance policy coordination
-Gradually introduce free trade in goods, services, and factors of
production
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