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Economic Community of West African States

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ECOWAS
Image:Int-ecwa.gif
Image:ECOWAS.GIF
ECOWAS Headquarters Abuja, Nigeria
Largest cities Lagos, Abidjan, Dakar
Member states 15
Official languages French, English
Presidencies
Current President Tandja Mamadou of Niger
Formation of ECOWAS
 - Signed
 - Enforced
Treaty of Lagos.
 - May 28 1975
 -
Statistics
Area
 - Total
7th if ranked[citation needed]
5,112,903 km²
1,5352,86 sq mi
Population
 - Total (2006)
 - Density
4th if ranked[citation needed]
251,646,263
115.6 people/km²
299.4 people/sq mi
GDP (PPP, 2005)
1,361
 - Per capita
28th if ranked[citation needed]
342,519 million[citation needed]
$7,890[citation needed]
Other information
Currencies Cape Verdean escudo (CVE)

Cedi (GHC)11
Dalasi (GMD)11
Guinean franc (GNF)11
Liberian dollar (LRD)12
Naira (NGN)11
Leone (SLL)11
West African CFA franc (XOF)

Time zone UTC 0 to +2[citation needed]
Calling codes Not standardized[citation needed]
Official Website http://www.ecowas.info
11 to be replaced by the eco in 2009

12 Libera has expressed an interest in joining the eco


The Economic Community of West African States (ECOWAS) is a regional group initially of sixteen countries, founded on May 28, 1975 when sixteen West African countries signed the Treaty of Lagos. Its mission is to promote economic integration. In 2000 Mauritania withdrew its membership from ECOWAS.

It was founded to achieve "collective self-sufficiency" for the member states by means of economic and monetary union creating a single large trading bloc. The very slow progress towards this aim meant that the treaty was revised in Cotonou on 24 July 1993 towards a looser collaboration. The ECOWAS Secretariat and the Fund for Cooperation, Compensation and Development are its two main institutions to implement policies. The ECOWAS Fund was transformed into the ECOWAS Bank for Investment and Development in 2001

ECOWAS is one of the pillars of the African Economic Community.

Member states of ECOWAS are Benin, Burkina Faso, Cape Verde, Côte d'Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. The current Executive Secretary is Dr. Mohamed Ibn Chambas. The current chairman is President Tandja Mamadou of Niger.

Contents

[edit] Members

[edit] Currency Cooperation

Image:UEMOA and Eco in ECOWAS.PNG

Main article: CFA franc

The West African CFA franc (XOF), created on December 26, 1945, is currently used in six formerly French-ruled African countries, as well as in Guinea-Bissau (former Portuguese colony). It is managed by the West African Economic and Monetary Union (UEMOA).

Main article: Eco (currency)

The Eco is the proposed name for the common currency the West African Monetary Zone (WAMZ) plans to introduce on 1 December, 2009. The WAMZ includes the Anglophone countries of Gambia, Ghana, Nigeria, and Sierra Leone, and the Francophone nation of Guinea. Liberia is also interested in joining this monetary union. The ultimate goal is to unite the UEMOA and the WAMZ to form a single monetary zone in West Africa (ECOWAS), which Cape Verde would then also join.

[edit] Free movement of people

[edit] Regional Security Cooperation

The ECOWAS nations have signed a non-aggression protocol in 1990 as well as two earlier agreements in 1978 and 1981. They have also signed a Protocol on Mutual Defence Assistance, in Freetown, Sierra Leone, on 29 May, 1989 that was to create an Allied Armed Force of the Community (AAFC) as needed.

See also: ECOMOG

[edit] Comparison with other Regional blocs

Most active regional blocs
Regional
bloc 1
Area (km²) Population GDP (PPP) ($US) Member
states 1
in millions per capita
EU* 3,977,487 460,124,266 11,723,816 25,480 25
CARICOM 462,344 14,565,083 64,219 4,409 14+1 3
ECOWAS 5,112,903 251,646,263 342,519 1,361 15
CEMAC 3,020,142 34,970,529 85,136 2,435 6
EAC 1,763,777 97,865,428 104,239 1,065 3
CSN 17,339,153 370,158,470 2,868,430 7,749 10
GCC 2,285,844 35,869,438 536,223 14,949 6
SACU 2,693,418 51,055,878 541,433 10,605 5
COMESA 3,779,427 118,950,321 141,962 1,193 5
NAFTA 21,588,638 430,495,039 12,889,900 29,942 3
ASEAN 4,400,000 553,900,000 2,172,000 4,044 10
SAARC 5,136,740 1,467,255,669 4,074,031 2,777 8
Agadir 1,703,910 126,066,286 513,674 4,075 4
EurAsEC 20,789,100 208,067,618 1,689,137 8,118 6
CACM 422,614 37,816,598 159,536 4,219 5
PARTA 528,151 7,810,905 23,074 2,954 12+2 3
Reference
blocs and
countries 2
Area (km²) Population GDP (PPP) ($US) Political
divisions
in millions per capita
UN 133,178,011 6,411,682,270 55,167,630 8,604 192
Canada 9,984,670 32,507,874 1,077,000 34,273 13
China (PRC) 4 9,596,960 1,306,847,624 8,182,000 6,300 33
India 3,287,590 1,102,600,000 3,433,000 3,100 35
Japan 377,835 127,333,002 3,910,728 30,615 47
Russia 17,075,200 143,782,338 1,589,000 8,900 89
USA 9,631,418 296,900,571 11,190,000 39,100 50
1 Including data only for full and most active members

2 The first two states in the World by area, population and GDP (PPP)
3 Including non-sovereign autonomous entities of other states
4 Data for the People's Republic of China does not include Hong Kong, Macau and
regions administered by the Republic of China (Taiwan).

* Although the European Union is not a federation in the strict sense, it is far more
than a free-trade association or an ordinary regional bloc, and it has many of the
attributes associated with independent nations: its own flag, anthem, central bank,
currency, elected parliament, supreme court and common foreign and security policy.
</center> ██ smallest value among the blocs compared ██ largest value among the blocs compared

During 2004. Source: CIA World Factbook 2005, IMF WEO Database

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[edit] Executive Secretaries

[edit] Chairmen

[edit] See also

[edit] External links

ca:Comunitat Econòmica dels Estats d'Àfrica Occidental de:Westafrikanische Wirtschaftsgemeinschaft fr:Communauté économique des États de l'Afrique de l'Ouest nl:Economische Gemeenschap van West-Afrikaanse Staten ja:西アフリカ諸国経済共同体 pl:Wspólnota Gospodarcza Państw Afryki Zachodniej pt:Comunidade Económica dos Estados da África Ocidental fi:ECOWAS sv:ECOWAS

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