The Intergovernmental Authority on Development is an economic bloc that covers the Horn of Africa. Intergovernmental Authority on Development The cumulative GDP of the economic bloc is estimated to be $0.909 billion.
SADC covers a combined area of 3.815 million square miles, making it among Africa’s largest intergovernmental organizations, and is home to an estimated 277 million people. The primary purpose of the multinational organization is to integrate the economic and political relations among its member countries. Portuguese, French, and English are established as the organization’s official languages. The intergovernmental bloc is made up of 16 countries, all drawn from southern and central Africa, and has its headquarters domiciled in Gaborone, Botswana. Southern African Development CommunityĪnother important economic organization in Africa is the Southern African Development Community, better known by its acronym SADC. The Gross Domestic Product of this economic organization is estimated to amount to $0.289 billion.ĥ.
Headquartered in Libreville, Gabon, the regional economic organization is comprised of 10 countries. The ECCAS is the only regional bloc where English is not used as a working language, with French, Portuguese, and Spanish being the organization’s official languages. The regional economic organization was formed in October 1983. The Economic Community of Central African States is another important intergovernmental trade bloc in the continent. Economic Community of Central African States The regional bloc was established in 1967, but internal wrangles led to its collapse in 1977, before it was later revived in 2000.
#Trade blocs in africa free
The East African Community is among the most integrated of all trade blocs in Africa, as it has a free trade area and while there are presently six currencies recognized in the EAC, there are plans to establish a common currency to be universally used in all member states. East African Community has a cumulative GDP of $0.232 billion. Headquartered in Arusha, Tanzania, the trade bloc covers a total area of 0.952 million square miles and is home to over 168 million people. The member states in the regional block are all from the eastern part of the continent and include Kenya, Rwanda, Tanzania, Uganda, South Sudan, and Burundi.
The East African Community is another important trade bloc in Africa. In 1991, member states agreed on the formation of a judicial arm of the union, the Community Court of Justice whose mandate is to protect citizens against human rights violations. With Western African countries often grappling with civil wars and political upheavals, the body also engages in peacekeeping activities among member countries. This regional economic organization was instituted in 1975 as part of the “Treaty of Lagos,” whose sole purpose was to integrate the economies of member countries by removing significant barriers to trade. The official languages used during proceedings of the union are English, Portuguese and French. These countries cumulatively cover an area of over 1.97 million square miles and a population of 0.349 billion people.
In total, 15 countries make up the membership of ECOWAS. As the union’s name denotes, the trade bloc is made up of African countries found in the western part of the continent. The Economic Community of West African States is one of Africa’s major economic blocs. Economic Community of West African States The organization is itself made up of regional economic blocs, also known as its pillars. The unification of the continent inspired the establishment of Africa’s largest economic organization, the African Economic Community, which is comprised of all African countries. Numerous organizations have been set up to make the dream a reality. The unification of Africa has been a crucial issue that has been discussed since the continent’s colonial era.
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