Economic and Monetary Community of Central Africa

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The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de l'Afrique Centrale) is an organization of states of Central Africa established to promote economic integration among countries that share a common currency, the CFA franc.

CEMAC is the successor of the Customs and Economic Union of Central Africa (UDEAC), which it completely superseded in June 1999 (through an agreement from 1994).

Its member states are Cameroon, the Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon.

On 24 January 2003, the European Union (EU) concluded a financial agreement with ECCAS and CEMAC, conditional on ECCAS and CEMAC merging into one organization, with ECCAS taking responsibility for the peace and security of the sub-region through its security pact COPAX.

CEMAC is not one of the pillars of the African Economic Community, but its members are associated with it through Economic Community of Central African States (ECCAS).

[edit] Comparison with other regional blocs

**Most active regional blocs**
Regional bloc ¹	Area (km²)	Population	GDP (PPP) ($US)		Member states ¹
Regional bloc ¹	Area (km²)	Population	in millions	per capita	Member states ¹
EU^*	3,977,487	460,124,266	11,723,816	25,480	25
CARICOM	462,344	14,565,083	64,219	4,409	14+1 ³
ECOWAS	5,112,903	251,646,263	342,519	1,361	15
CEMAC	3,020,142	34,970,529	85,136	2,435	6
EAC	1,763,777	97,865,428	104,239	1,065	3
CSN	17,339,153	370,158,470	2,868,430	7,749	10
GCC	2,285,844	35,869,438	536,223	14,949	6
SACU	2,693,418	51,055,878	541,433	10,605	5
COMESA	3,779,427	118,950,321	141,962	1,193	5
NAFTA	21,588,638	430,495,039	12,889,900	29,942	3
ASEAN	4,400,000	553,900,000	2,172,000	4,044	10
SAARC	5,136,740	1,467,255,669	4,074,031	2,777	8
Agadir	1,703,910	126,066,286	513,674	4,075	4
EurAsEC	20,789,100	208,067,618	1,689,137	8,118	6
CACM	422,614	37,816,598	159,536	4,219	5
PARTA	528,151	7,810,905	23,074	2,954	12+2 ³
Reference blocs and countries ²	Area (km²)	Population	GDP (PPP) ($US)		Political divisions
Reference blocs and countries ²	Area (km²)	Population	in millions	per capita	Political divisions
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 This box: view • talk • edit</div>