States of UEMOA

The West African Economic and Monetary Union (or UEMOA from its name in French, Union économique et monétaire ouest-africaine) is an organization of eight states of West Africa established to promote economic integration among countries that share a common currency, the CFA franc. French ( français,) is a Romance language spoken around the world by 118 million people as a native language and by about 180 to 260 million people West Africa or Western Africa is the Westernmost Region of the African Continent. Economic integration is a term used to describe how different aspects between economies are integrated The CFA franc (in French: franc CFA, "céfa" or just franc colloquially is a currency used in twelve formerly French -ruled

UEMOA was created by a Treaty signed at Dakar, Senegal, on January 10, 1994 by the Heads of State and Government of Benin, Burkina Faso, Côte d’Ivoire, Mali, Niger, Senegal, and Togo. For the Dakar Rally see Dakar Rally. For the Israeli submarine see INS Dakar. Senegal (le Sénégal officially the Republic of Senegal, is a country south of the Sénégal River in western Africa. Events 49 BC - Julius Caesar crosses the Rubicon, signaling the start of civil war. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) Benin (bə'nɪn officially the Republic of Benin, and also known as Benin Republic, is a country in Western Africa. Burkina Faso (bɚˌkiːnəˈfɑːsoʊ burr-KEE-na FAH-soh) also known by its short-form name Burkina, is a Landlocked nation in West Africa Côte d'Ivoire (ˌkoʊt divˈwɑː(r ' in English, kot diˈvwaʀ in French) or Ivory Coast, officially the Republic of Côte d'Ivoire, is a Mali, officially the Republic of Mali (République du Mali is a Landlocked nation in Western Africa. Niger ( or /ˈnaɪdʒɚ/) officially the Republic of Niger, is a Landlocked country in Western Africa, named after the Niger River. Senegal (le Sénégal officially the Republic of Senegal, is a country south of the Sénégal River in western Africa. TOGO was a Japanese roller coaster design company famous for inventing the Stand-up roller coaster. On May 2, 1997, Guinea-Bissau became its eighth member state. Events 1194 - King Richard I of England gives Portsmouth its first Royal Charter. Year 1997 ( MCMXCVII) was a Common year starting on Wednesday (link will display full 1997 Gregorian calendar The Republic of Guinea-Bissau (ˈgɪni bɨˈsaʊ República da Guiné-Bissau ʁɛˈpublikɐ dɐ giˈnɛ biˈsau is a country in Western Africa, and one of the smallest

UEMOA is a customs union and monetary union between some of the members of Economic Community of West African States (ECOWAS). A customs union is a Free trade area with a Common external tariff. In economics a monetary union is a situation where several countries have agreed to share a single currency (also known as a unitary or common currency The Economic Community of West African States ( ECOWAS) is a regional group of fifteen West African countries founded on May 28 Its objectives are^[1]

• Greater economic competitiveness, through open and competitive markets, along with the rationalization and harmonization of the legal environment
• The convergence of macroeconomic policies and indicators
• The creation of a common market
• The coordination of sectoral policies
• The harmonization of fiscal policies

In terms of its achievements, UEMOA members have implemented macroeconomic convergence criteria and an effective surveillance mechanism; have adopted a customs union and common external tariff (early 2000); have harmonized indirect taxation regulations; and have initiated regional structural and sectoral policies. A September 2002 IMF survey cited the UEMOA as "the furthest along the path toward integration" of all the regional groupings in Africa. ^[2]

ECOWAS and UEMOA have developed a common program of action on trade liberalization and macroeconomic policy convergence. ECOWAS and UEMOA have also agreed on common rules of origin to enhance trade, and ECOWAS has agreed to adopt UEMOA’s customs declaration forms and compensation mechanisms. ^[3]

Members

• Benin (1994)
• Burkina Faso (1994)
• Côte d’Ivoire (1994)
• Guinea-Bissau (On May 2, 1997)
• Mali (1994)
• Niger (1994)
• Senegal (1994)
• Togo (1994)

Comparison with other Regional blocs

References

African Union

This article is part of the series: Politics and government of the African Union

Institutions Casablanca Group Union of African States Organisation of African Unity African Economic Community African Unification Front Executive Assembly Chairperson Commission Chairperson Conference and Events Peace & Sec. The African Union (abbreviated AU in English, and UA in its other working languages is a Confederation consisting of 53  African Below is a list of African Union Institutions. The Casablanca Group was an organization of "progressive states" founded in 1961. The Union of African States, was a short lasting union of 3 African states in West Africa, in the 1960 's The Organisation of African Unity ( OAU) or Organisation de l'Unité Africaine ( OUA) was established on 25 May 1963. The African Economic Community (abbreviated AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority The African Unification Front is an organisation aiming to promote the Political, Social and Economic union of Africa. The Assembly of the African Union, which is formally known as the African Union Assembly of Heads of State and Government AU-AHSG, is one of several decision-making bodies within The Chairperson of the African Union is chosen by the Assembly of the African Union, which consists of the heads of state of member countries to serve a one-year The Commission of the African Union acts as the executive/administrative branch or secretariat of the AU (and is somewhat analogous to the European Commission) The Commission of the African Union serves as the AU's administrative branch and as a secretariat of the Pan African Parliament Pol. Affairs Infra. & Energy Soc. Affairs HR, Sci. , & Tech. Trade and Industry Rural Econ. & Agri. Economic Legal Counsel Executive Council Rep. Committee Legislature Pan-African Parliament President Bureau Secretariat List of members Permanent Committees Rural Econ., Agri., Resources, Eviron. Monetary & Financial Trade, Customs, & Immigration Cooperation, IR, & Conflict Transport, Industry, Communications,   Energy, Science, & Tech. Health, Labour, & Social Educ., Culture, Tourism, & HR Gender, Family, Youth, Disabilities Justice & Rights Rules, Privileges, & Discipline Judiciary Sirte Declaration Constitutive Act of the AU Law Charter on Rights Commission on Human and Peoples' Rights Court of Justice Court on Human and Peoples' Rights List of judges Advisory bodies Peace and Security Council Economic, Social, and Cultural Council Specialised Technical Committees Rural Econ. The Executive Council of the African Union is made up of ministers designated by the governments of member countries The Permanent Representatives' Committee of the African Union is made up of nominated representatives of member countries by the African Union. The Pan-African Parliament, also known as the African Parliament is the legislative body of the African Union. The Bureau of the Pan-African Parliament is essentially the leadership of the Pan-African Parliament (PAP and consists of one President and four Vice-Presidents In order to allow the Pan-African Parliament 's functions to be carried out more smoothly and in a more streamlined fashion it is assisted by a Secretariat Below is a list of the MPs that make up the African Union 's Pan-African Parliament, the respective countries they are elected from and their political party To help coordinate efforts in dealing with issues on the continent the Pan-African Parliament created ten permanent committees Committee on Rural Economy Agriculture The Committee on Rural Economy Agriculture Natural Resources and Environment is one of the Ten Permanent Committees of the Pan-African Parliament. The Committee on Monetary and Financial Affairs is one of the ten permanent committees of the Pan-African Parliament. The Committee on Trade Customs and Immigration Matters is one of the ten permanent committees of the Pan-African Parliament. The Committee on Cooperation International Relations and Conflict Resolution is one of the ten permanent committees of the Pan-African Parliament. The Committee on Transport Industry Communications Energy Science and Technology is one of the ten permanent committees of the Pan-African Parliament. The Committee on Health Labour and Social Affairs is one of the ten permanent committees of the Pan-African Parliament. The Committee on Education Culture Tourism and Human Resources is one of the ten permanent committees of the Pan-African Parliament. The Committee on Gender Family Youths and People with Disabilities is one of the ten permanent committees of the Pan-African Parliament. The Committee on Justice and Human Rights is one of the ten permanent committees of the Pan-African Parliament. The Committee on Rules Privileges and Discipline is one of the ten permanent committees of the Pan-African Parliament. The Sirte Declaration was the resolution adopted by the Organisation of African Unity on 9 September 1999, at Sirte, Libya, to create The Constitutive Act of the African Union sets out the codified framework under which the African Union is to conduct itself The African Charter on Human and Peoples' Rights (also known as the Banjul Charter) is an International human rights instrument that purports to promote and protect The African Commission on Human and Peoples' Rights ( ACHPR) is a Quasi-judicial body tasked with promoting and protecting Human rights and collective The Court of Justice of the African Union is intended to be the “principal judicial organ of the Union” (Protocol of the Court of Justice of the African Union Article 2 The African Court on Human and Peoples' Rights is a regional court that rules on African Union states' compliance with the African Charter on Human and Peoples' Rights The first Judges of the African Court on Human and Peoples' Rights were elected on January 22, 2006 at the Eighth Ordinary Session of the Executive Council The Peace and Security Council is the organ of the African Union in charge of enforcing union decisions The Economic Social and Cultural Council is an advisory body of the African Union charged with overseeing the development of those particular areas within the continent The Specialised Technical Committees are bodies in the African Union responsible to the Executive Council. , Agri. Monetary & Financial Trade, Customs, and Immigration Industry, Sci. & Tech. , Energy. . . Transport, Comm. , Tourism Health, Labor, Social Edu. , Culture, & Human Resources Financial bodies AEC Pillars (Abuja Treaty) CEN-SAD COMESA EAC ECCAS/CEEAC CEMAC ECOWAS UEMOA WAMZ IGAD SADC SACU AMU/UMA African Central Bank African Monetary Fund African Investment Bank New Partnership for Africa's Development African Peer Review Mechanism Decentralised bodies Agencies of the AU Related topics Elections Enlargement Foreign relations

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See also

• Bourse Régionale des Valeurs Mobilières - (BRVM) - a regional stock exchange in Abidjan, serving the UEMOA area. The Bourse Régionale des Valeurs Mobilières SA, or BRVM, is a regional Stock exchange serving the following West African countries
• Eco of the West African Monetary Zone in ECOWAS. For the philosopher Umberto Eco see Umberto Eco. The Eco (1 Eco = 100 Cents is the proposed name for the Common currency that the West African Monetary The West African Monetary Zone is a group of 5 countries in ECOWAS that plan to introduce a common currency the Eco by the year 2009.
• Economic and Monetary Community of Central Africa (CEMAC). The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de l'Afrique Centrale
• Amero currency. The North American Currency Union is a theorized Economic and monetary union of the three principal countries of North America, namely Canada, the
• Euro currency. Please update other articles as well to avoid contradiction within Wikipedia e
• Afro (currency). The Afro is the proposed official currency of the African Union.
• Monetary union. In economics a monetary union is a situation where several countries have agreed to share a single currency (also known as a unitary or common currency

External links

• Official Website (In French)
• WAEMU Treaty