Promoting regional economic cooperation and integration in Africa
Abstract
The aim of ECOWAS - established in 1975; and, by 1977, encompassing all 16 countries of West Africa - is to create, successively, a customs union and common market in the sub-region. For this purpose, the Lagos Treaty provides for the harmonization of programmes in several sectors, notably agriculture, industry, transport and communications. A Cooperation, Compensation and Development Fund were established to ensure equable distribution of the benefit, of economic cooperation; to reduce diversities in the levels of development of the Member States: and to finance projects and guarantee foreign investments in these States.
Citation
“London, A.; Organization of African Unity (1993-09). Promoting regional economic cooperation and integration in Africa. UN. ECA Seminar on the Report of the South Commission (1993, Sep. 15 - 16 : Addis Ababa, Ethiopia). Addis Ababa :. © UN. ECA,. http://hdl.handle.net/10855/20868”Collections
- African Trade Policy Centre [2414]
- Economic Development [7642]
- Regional Integration [2708]
- Trade [2677]
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