Treaty of Abuja

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The Abuja Treaty (also: Treaty establishing the African Economic Community ; English : Abuja Treaty Establishing the African Economic Community ) is an international treaty , inter alia, the establishment of the African Economic Community envisaged.

In May 1994 the treaty entered into force after it was ratified by a sufficient number of states .

context

As early as 1963, the Organization for African Unity (OAU) was created, an important international organization to which almost all African countries belonged. The OAU pursued the goal of finally overcoming colonialism and creating greater unity and cooperation between the many young nation-states of Africa. In this context, the OAU sought to establish a common economic area. These efforts took place in the Lagos Plan of Action ( Lagos Plan of Action ) expression that has been decided in 1980 by the OAU and regional economic communities regarded as a cornerstone for economic development and unification of the continent. This approach was followed up at the 27th Ordinary Meeting of the OAU in Abuja and finally enshrined in the Abuja Treaty on June 3, 1991.

content

The Abuja Treaty contains in 106 articles a number of measures and plans for the long-term economic development of the African continent. The treaty was supported by 51 heads of state. The founding of the African Economic Community is already announced in Article 2. Article 4 defines the goals of the organization as follows:

  • Promote economic, cultural and social development and create self-determination for African nations
  • Creation of a continental framework for the development, use and mobilization of resources
  • Promotion of cooperation between African states
  • Harmonization of strategies and guidelines of local alliances

The implementation of the vision of an economically united Africa is also outlined in the treaty and is to be implemented in six stages:

  1. Strengthen and develop regional economic communities
  2. Promotion of sectoral integration and cooperation between regional economic communities
  3. Establishment of free trade zones at regional level
  4. Coordination of the tariffs of the regional economic communities, enabling the creation of a common market
  5. Establishment of the common African market and development of common guidelines
  6. Involvement of all economic sectors, establishment of further international bodies, including the African central bank to manage a common currency

According to the Abuja Treaty, this six-point plan should be implemented by 2034.

Individual evidence

  1. ↑ Today's Reality. April 19, 2005, accessed April 16, 2019 .
  2. ↑ giz: Pan-African Free Trade Area (CFTA). Retrieved April 16, 2019 .
  3. ↑ WIPOLex. Retrieved April 16, 2019 .
  4. ^ African Economic Community (AEC). Retrieved April 16, 2019 .