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 - 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 Will be part of the D-XD8572 - African Union (AU), which superseded the OAU in Jul 2002.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

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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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Members

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Type I Classification

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Type II Classification

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Subjects *

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UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic Growth

UIA Org ID

XF2245

Last News

2008

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

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