African Economic Community

international organization
Inception	1991
Parent organization	African Union

De African Economic Community (AEC) be organization of African Union states wey dem establish common grounds say dem go do mutual economic development among dema majority of African states. Dema goals dey include de creation of free trade areas, customs unions, a single market, a central bank, den common currency (see African Monetary Union) thus as dem establish an economic den monetary union.

Pillars[edit | edit source]

Currently dem get multiple regional blocs insyd Africa, dem san know dem as Regional Economic Communities (RECs), many of which gey overlapping memberships. De RECs dey consist primarily of trade blocs den, in some cases, some political den military cooperation. Most of dese RECs form de "pillars" of AEC, plenty of dem san gey overlap for dema member states. Secof dis high proportion of overlap ebe likely say some states plus several memberships go eventually drop out of one or more RECs. Several of dese pillars san dey contain subgroups plus tighter customs den /or monetary unions for dema own:

Dese pillars den dema corresponding subgroups dey follow:


Pillars	Subgroups
Community of Sahel-Saharan States (CEN-SAD)
Common Market for Eastern and Southern Africa (COMESA)
East African Community (EAC)
Economic Community of Central African States (ECCAS/CEEAC)	Economic and Monetary Community of Central Africa (CEMAC)
Economic Community of West African States (ECOWAS)	West African Economic and Monetary Union (UEMOA) West African Monetary Zone (WAMZ)
Intergovernmental Authority on Development (IGAD)
Southern African Development Community (SADC)	Southern African Customs Union (SACU)
Arab Maghreb Union (UMA)

Pillar membership[edit | edit source]


CEN-SAD
Founding states (1998): Burkina Faso Chad Libya Mali Niger Sudan Join later: 1999: Central African Republic 1999: Eritrea 2000: Djibouti 2000: Gambia 2000: Senegal 2001: Egypt 2001: Morocco 2001: Nigeria 2001: Somalia 2001: Tunisia 2002: Benin 2002: Togo 2004: Ivory Coast 2004: Guinea-Bissau 2004: Liberia 2005: Ghana 2005: Sierra Leone 2007: Comoros 2007: Guinea 2008: Kenya 2008: Mauritania 2008: São Tomé and Príncipe


COMESA
Founding states (1994) Burundi Comoros Democratic Republic of the Congo Djibouti Eritrea Ethiopia Kenya Madagascar Malawi Mauritius Rwanda Sudan Eswantini Uganda Zambia Zimbabwe Joined later: 1999: Egypt 2001:Seychelles 2006: Libya 2018: Tunisia 2018: Somalia Former members: 1994-1997: Lesotho 1994-1997: Mozambique 1994-2000: Tanzania 1994-2004: Namibia 1994-2007: Angola^[1]^[2]


EAC
Founding states (2001): Kenya Tanzania Uganda Joined later: 2007: Burundi 2007: Rwanda 2016: South Sudan 2022: Democratic Republic of Congo


ECOWAS
Founding states (1975): Benin Burkina Faso Ivory Coast Gambia Ghana Guinea Guinea-Bissau Liberia Mali Niger Nigeria Senegal Sierra Leone Togo Joined later: 1976: Cape Verde Former member: 1975-2002: Mauritania


ECCAS
Founding states (1985): Burundi Cameroon Central African Republic Chad Congo DR Congo Equatorial Guinea Gabon Rwanda São Tomé and Príncipe


IGAD
Founding states (1986): Djibouti Ethiopia Kenya Somalia Sudan Uganda Joined later: 1993: Eritrea 2011: South Sudan


SADC
Founding states (1980): Angola Botswana Lesotho Malawi Mozambique Eswatini Tanzania Zambia Zimbabwe joined later: 1990: Namibia 1990: South Africa 1995: Mauritius 1997: DR Congo 1997: Seychelles ^{withdrawn 2004-2007} 2000: Madagascar


UMA
Founding states (1989): Algeria Libya Mauritania Morocco Tunisia

Other blocs[edit | edit source]

Other African regional blocs no dey participate insyd de AEC framework (plenty of dem predate AEC), dem be:

Greater Arab Free Trade Area (GAFTA) (an organization wey most Middle Eastern states, including dose outside Africa)
Economic Community of the Great Lakes Countries (CEPGL)
Indian Ocean Commission (COI)
Liptako-Gourma Authority (LGA)
Mano River Union (MRU)

Dema membership dey follow:


GAFTA
2005 membership: Egypt Libya Morocco Sudan Tunisia Joined later: 2009: Algeria


CEPGL
1976 membership: Burundi DR Congo Rwanda


COI
1984 membership: Comoros Madagascar Mauritius Seychelle


LGA
1970 membership: Burkina Faso Mali Niger


MRU
1973 membership: Liberia Sierra Leone Joined later: 1980: Guinea 2008: Ivory Coast

Goals[edit | edit source]

De AEC dem found am through de Abuja Treaty wey dem sign insyd 1991 den enter into force insyd 1994 dey envision say dem go create insyd six stages:

(complete am insyd 1999) Creation of regional blocs insyd regions wey such no dey exist
(complete am insyd 2007) Strengthening dema intra-REC integration den inter-REC harmonisation
(complete am insyd 2021) Establish free trade area den customs union insyd each regional bloc
(dem go complete am insyd 2023) Establish continent-wide customs union (den san do free trade area)
(dem go complete am insyd 2025) Establish continent-wide African Common Market (ACM)
(dem go complete am insyd 2028) Establish continent-wide economic den monetary union (den san do currency union) den Parliament

End of all dema transition periods: 2034 at de latest

Stages progress[edit | edit source]

as of September 2007

Stage 1: Complete am, only Arab Maghreb Union members den Sahrawi Republic no dey participate. Somalia dey participate, buh dem no practical implement am yet.
Stage 2: Steady progress, nothing factual dey for we to check.
Stage 3:

References[edit | edit source]

↑ "SADC, COMESA and the EAC: Conflicting regional and trade agendas". Institute for Global Dialogue. October 2008. Archived from the original on 1 January 2017. Retrieved 7 May 2011.
↑ "African integration is great but has its hurdles". New Vision. 26 May 2010. Archived from the original on 19 June 2010. Retrieved 7 May 2011.

[1] "SADC, COMESA and the EAC: Conflicting regional and trade agendas". Institute for Global Dialogue. October 2008. Archived from the original on 1 January 2017. Retrieved 7 May 2011.

[2] "African integration is great but has its hurdles". New Vision. 26 May 2010. Archived from the original on 19 June 2010. Retrieved 7 May 2011.

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