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West African Monetary and Economic Union (UEMOA)

  • Barry Turner
Part of the The Statesman’s Yearbook book series (SYBK)

Abstract

Founded in 1994, the UEMOA (Union Economique et Monétaire Ouest Africaine) aims to reinforce the competitiveness of the economic and financial activities of member states in the context of an open and rival market and a rationalized and harmonized juridical environment; to ensure the convergence of the macro-economic performances and policies of member states with the institution of a multilateral control procedure; to create a common market among member states based on the free circulation of the people, goods, services and capital and on the right of people exercising an independent or remunerated activity to establish a common external tariff as well as a common commercial policy; to institute a coordination for the national sector-based policies with the implementation of common actions and conceivably common policies, especially in the following domains: community-based land reclamation, agriculture, environment, transport, infrastructures, telecommunications, human resources, energy, industries, mines and crafts; and to harmonize the legislation, especially the fiscal system, of the member states if the necessity arose for the proper functioning of the common market.

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2002

Authors and Affiliations

  • Barry Turner

There are no affiliations available

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