African Economic Community (AEC)
Communauté économique africaine
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Contact Details
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Founded
1991-06-03 Abuja Nigeria
History
3 Jun 1991, Abuja (Nigeria), during 27th ordinary session of H-XD3027 - Organization of African Unity (OAU), on adoption of T-XT9114 - Treaty Establishing the African Economic Community (Abuja treaty) by Heads of State and Government. The Treaty came into force in May 1994, following its ratification by the required two-thirds of OAU Member States. Regional economic communities consolidating and acting as engines for integration: CENSAD; F-XF1048 - Arab Maghreb Union (AMU); F-XF3162 - Common Market for Eastern and Southern Africa (COMESA); D-XD4308 - Economic Community of Central African States (ECCAS); F-XD3462 - Economic Community of West African States (ECOWAS); F-XF4199 - Intergovernmental Authority on Development (IGAD); F-XF2522 - Southern African Development Community (SADC). Will be part of the D-XD8572 - African Union (AU), which superseded the OAU in Jul 2002. Not yet operational. Has also been referred to as Continental Common Market.
Aims
Set up a common market built on the regional economic communities; promote economic, social and cultural development and African economic integration so as to increase self-sufficiency and endogenous development; create a framework for development and human and materials mobilization; promote cooperation and development in all aspects of human activity with a view to raising living standards, maintaining economic stability and establishing close and peaceful relations among member states; coordinate and harmonize policies among existing and future economic communities.
Events
2 past events available with paid subscription only.Activities
Available with paid subscription only.Structure
Bodies: Conference of Heads of State or Government (annual); Council of Ministers - OAU Council of Ministers - (meets twice a year); Pan-African Parliament - election of its members by continental universal suffrage; Economic and Social Commission (that of the OAU); Court of Justice; General Secretariat (that of the OAU); Specialized Technical Committees (7) on: Rural Economy and Agriculture; Monetary and Financial Affairs; Trade, Customs and Immigration; Industry, Science and Technology, Energy, Natural Resources and Environment; Transport, Communications and Tourism; Health, Work and Social Affairs; Education, Culture and Human Resources.
Relations with Inter-Governmental Organizations
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Available with paid subscription only.Type I Classification
Available with paid subscription only.Type II Classification
Available with paid subscription only.Subjects *
Available with paid subscription only.UN Sustainable Development Goals **
UIA Org ID
XF2245
Last News
2008
** UN SDGs are linked to the subject classification.
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