African Union Recent Agreement Eco

The security situation in the Sahel has deteriorated in recent months. For example, the Nigerian army chief was fired on 14 January after at least 174 Nigerien security forces were killed by Islamist extremists in December and January. In Burkina Faso in December, the jihadists killed 35 civilians and a dozen soldiers in subsequent attacks. In Mali, both Islamist extremism and ethnic violence contribute to insecurity; On Thursday, 16 January, 14 civilians were killed in an ethnic attack. Earlier this month, the French Council of Ministers formally adopted a bill that ratified the reform of the monetary agreement linking the French government to the eight member states. ECOWAS also serves as a peacekeeping force in the region, with member states occasionally releasing joint military troops to intervene in bloc member countries in times of political instability and unrest. In recent years, these were interventions in Côte d`Ivoire in 2003, Liberia in 2003, Guinea-Bissau in 2012, Mali in 2013 and The Gambia in 2017[6] [7] The EPA with sub-Saharan Africa and other EU free trade agreements with North African countries are building blocks that contribute to the African Continental Free Trade Area (AfCFTA) and the long-term prospect of a free trade agreement between the continent and the continent. The EPAs already contain useful trade instruments for the construction of the AfCFTA. They provide a strong framework for regional trade and investment between THE EPA partners themselves and with the EU. They also strengthen the commercial capacity of EU partners. Many Africans applauded and applauded when the President of Côte d`Ivoire, Alassane Ouattara, announced on Saturday that “we have decided, in agreement with the other heads of state and government of the West African Economic and Monetary Union, to reform the CFA franc with the following three major changes: first, the change of name of the currency from the CFA franc to the Eco.” The union was created on May 28, 1975 with the signing of the Lagos contract, with its stated mission to promote economic integration throughout the region. A revised version of the treaty was agreed and signed in Cotonou on 24 July 1993.

[5] One of the main regional blocs in the entire African Economic Community (AEC) is ECOWAS` stated objective of achieving “collective self-sufficiency” in its member states by creating a single trading bloc by creating a comprehensive economic and trade union. Economic Partnership Agreements (EPAs) are trade and development agreements negotiated between the EU and countries and regions in Africa, the Caribbean and the Pacific (ACP). On Monday (January 13th), French President Emmanuel Macron met with the heads of state and government of five Sahel countries in West Africa – Mali, Niger, Burkina Faso, Chad and Mauritania, known as the G5 – to discuss the advance of armed Islamist extremists in the region, deny anti-French hostility in those countries and decide on France`s future commitment to security.