Integration

The African Economic Community Treaty (AEC also known as the Abuja Treaty) was adopted by the African Union (AU) in 1991 and came into force on 12th May 1994. It is a treaty establishing grounds for mutual economic development among African states through a gradual process. This was to be done by coordination, harmonisation and progressive integration of the activities of existing and future regional economic communities (RECs) in Africa. The RECs are regarded as the building blocks of the AEC. The stated goals of the organisation include the creation of free trade areas, customs unions, a single market, a central bank, and a common currency, thus establishing an economic and monetary union by 2028.

 

TREATY ESTABLISHING THE AFRICAN ECONOMIC COMMUNITY(PDF)