African Economic Community (AEC)

Communauté économique africaine

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Contact Details

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History

3 June 1991, Abuja (Nigeria), during 27th ordinary session of Organization of African Unity (OAU), on adoption of 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; Arab Maghreb Union (AMU); Common Market for Eastern and Southern Africa (COMESA); Economic Community of Central African States (ECCAS); Economic Community of West African States (ECOWAS); Intergovernmental Authority on Development (IGAD); Southern African Development Community (SADC). Will be part of the African Union (AU), which superseded the OAU in July 2002.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.

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Activities

Regional economic communities are working at economic development and integration and promoting peace through conflict resolution in their regions. They aim to achieve the setting up of the Community by coordination, harmonization and progressive integration over a period of 34 years, taking place progressively in 6 stages:

 • Reinforcement of regional economic communities (5 years);

 • Stabilization of tariffs, and other barriers to intra-community exchanges and reinforcement of sectorial integration (8 years);

 • Creation of free trade area (10 years);

 • Creation of African customs union (2 years);

 • Creation of African common market (4 years);

 • Consolidation of common market (5 years).

The final stage (in about 2025) provides for the establishment of a Pan-African Parliament (PAP).

Structure

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Relations with Inter-Governmental Organizations

Relations with 8 inter-governmental organizations.
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Members

Members in 53 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Government
    • Intergovernmental Communities
  • Economics
    • Economic

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic Growth

UIA Org ID

F2245

Last News Received

2008
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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