African economic community

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The African Economic Community ( AEC , African Economic Community ) is one of the Member States of the Organization of African Unity , founded regional international organization that the in May 1994 with the entry into force the Treaty establishing the African Economic Community ( " Abuja Treaty ") from 1991 started its work . The treaty and the strengthening of the AEC are part of Agenda 2063, which the AU later proclaimed .

It has similar economic goals for the African states as the European (economic) community for the European states.

The assets and liabilities of the AEC are with the entry into force of the Constitutive Act (CA) of the African Union 2001 acc. Art. 33 para. 1 CA transferred to the African Union, the AEC as an international organization thus absorbed into the African Union; the AEC contract remained in accordance with Art. 33 para. 2 CA in force in parts.

Regional economic communities

The Regional Economic Communities (RECs) in Africa combine individual countries into subregions in order to achieve greater economic integration. They are referred to as "building blocks" of the African Union (AU) and are also a central component of the strategy for implementing the New Partnership for Africa's Development (NEPAD). There are currently eight AU-recognized RECs, each set up under a separate regional contract.

literature

  • Corinne AA Packer / Donald Rukare: The New African Union and Its Constitutive Act , in: AJIL 96 (2002) p. 365 (369 f. And 372).

Web links

Individual evidence

  1. http://www.un.org/en/africa/osaa/peace/recs.shtml The Regional Economic Communities (RECs) of the African Union