Measures for Strengthing Condition and Harmonization of Activities Among Existing Economic Groupings

Abstract

The coordination and harmonization of the activities of existing regional economic groupings for the gradual establishment of an African Common Market was called for by the Final Act of Lagos (FAL), an integral part of Lagos Plan of Action (LPA), as a first step towards the creation of the African Economic Community. Now, that a Treaty establishing the African Economic Community has been signed at Abuja, Nigeria in June 1990, it would appear that a major step has been taken, at last, towards the realization of the final objective envisaged in LPA which is to reverse Africa's economic decline through collective selfreliance as opposed to benign dependency that has contributed immensely to Africa's underdevelopment.