NationMaster - Encyclopedia: Economic and Monetary Community of Central Africa

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. Image File history File links Africa-countries-CEMAC.png Description: Map of African Countries of CEMAC Beschreibung: Karte von afrikanischen LÃ¤ndern der CEMAC old image originally from Wikimedia Commons Image:BlankMap-Africa. ... Image File history File links Africa-countries-CEMAC.png Description: Map of African Countries of CEMAC Beschreibung: Karte von afrikanischen LÃ¤ndern der CEMAC old image originally from Wikimedia Commons Image:BlankMap-Africa. ... Economic integration is term used to describe how different aspects between economies are integrated. ... The countries using the CFA franc The CFA franc (in French: franc CFA, or just franc in everyday conversation if no ambiguity is possible) is a currency used in 12 formerly French-ruled African countries, as well as in Guinea-Bissau (former Portuguese colony) and in Equatorial Guinea (former Spanish...

CEMAC is the successor of the Customs and Economic Union of Central Africa (UDEAC), which it completely superseded in June 1999. A successor function is the label in the literature for what is actually an operation. ... States of UDEAC The Customs and Economic Union of Central Africa (or UDEAC from its name in French, Union Douaniere et Ã‰conomique de lâ€™Afrique Centrale), established by the Brazzaville Treaty in 1966, formed a customs union with free trade area between members and a common external tariff for imports...

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. January 24 is the 24th day of the year in the Gregorian calendar. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... The Economic Community of Central African States (ECCAS), in French CommunautÃ© Ã‰conomique des Ã‰tats dAfrique Centrale (CEEAC), is a organisation for promotion of regional economic co-operation in Central Africa. ...

CEMAC is not one of the pillars of the African Economic Community, but its members are associated with it trough Economic Community of Central African States (ECCAS). Green: members of AEC pillar blocs Red: states signatories to the AEC Treaty, but not participating in any of the pillars The member states of the African Union are mounting efforts to collaborate economically, but they are impeded by the civil wars raging in several parts of Africa. ... The Economic Community of Central African States (ECCAS), in French CommunautÃ© Ã‰conomique des Ã‰tats dAfrique Centrale (CEEAC), is a organisation for promotion of regional economic co-operation in Central Africa. ...

Comparision with other regional blocs

The Most Active Regional blocs

Regional bloc ¹

Area
km²

Population

GDP (PPP)
millions of $US

GDP (PPP)
per capita
$US

Member
states ¹

3,977,487

460,124,266

11,723,816

25,480

ECOWAS

5,112,903

251,646,263

342,519

1,361

CARICOM

462,344

14,565,083

64,219

4,409

14+1 ³

CEMAC

3,020,142

34,970,529

85,136

2,435

EAC

1,763,777

97,865,428

104,239

1,065

CSN

17,339,153

370,158,470

2,868,430

7,749

GCC

2,285,844

35,869,438

536,223

14,949

SACU

2,693,418

51,055,878

541,433

10,605

NAFTA

21,588,638

430,495,039

12,889,900

29,942

ASEAN

4,400,000

553,900,000

2,172,000

4,044

SAARC

5,136,740

1,467,255,669

4,074,031

2,777

Agadir

1,703,910

126,066,286

513,674

4,075

EurAsEC

20,341,700

181,216,423

1,643,379

9,069

CACM

422,614

37,816,598

159,536

4,219

PARTA

528,151

7,810,905

23,074

2,954

12+2 ³

IGAD

4,414,914

126,870,703

145,510

1,147

Reference blocs and countries ²

Area
km²

Population

GDP (PPP)
millions of $US

GDP (PPP)
per capita
$US

Political
divisions

133,178,011

6,411,682,270

55,167,630

8,604

191

AEC

29,910,442

853,520,010

2,053,706

2,406

India

3,287,590

1,102,600,000

3,433,000

3,100

China

9,596,960

1,306,847,624

7,249,000

5,200

USA

9,631,418

296,900,571

11,190,000

39,100

Canada

9,984,670

32,507,874

958,700

29,800

Russia

17,075,200

143,782,338

1,282,000

8,900

¹ Including data only for full and most active members

² The first two states in the World by area, population and GDP (PPP)
Some are also members of a bloc
³ including non-sovereign autonomous entities of other states
A trade bloc is a large free trade zone or near-free trade zone formed by one or more tax, tariff and trade agreements. ... The Economic Community of West African States (ECOWAS) is a regional group of fifteen countries, founded on May 28, 1975 when fifteen West African countries signed the Treaty of Lagos. ... The Caribbean Community and Common Market or CARICOM was established by the Treaty of Chaguaramas [1] which came into effect on August 1, 1973. ... EAC The three states that make up the East African Community The East African Community (EAC) is a customs union in East Africa, consisting of Kenya, Uganda and Tanzania. ... The South American Community of Nations (CSN) (Spanish: Comunidad Sudamericana de Naciones, Portuguese: Comunidade Sul-Americana de NaÃ§Ãµes) will be a continent-wide free trade zone that will unite two existing free-trade organizationsâ€”Mercosur and the Andean Communityâ€”eliminating tariffs for non-sensitive products by 2014 and sensitive... ... The Southern African Customs Union has five members: Botswana Lesotho Namibia South Africa Swaziland It dates back to colonial days (1910). ... The North American Free Trade Agreement, known usually as NAFTA, links Canada, the United States, and Mexico in a free trade sphere. ... Hymn: The ASEAN Hymn Seat of Secretariat Jakarta Secretary General Ong Keng Yong Area - Total 4,480,000 km2 Population - Total (2004) - Density 592,000,000 122. ... Member states India Pakistan Bangladesh Sri Lanka Afghanistan Nepal Maldives Bhutan Observer nations China (PRC) Japan The South Asian Association for Regional Cooperation, or SAARC, proposed by Ziaur Rahman, the then-president of Bangladesh, was established on December 8, 1985. ... The Euro-Mediterranean free trade area (EU-MEFTA) is based on the Barcelona Process and European Neighbourhood Policy (ENP). ... Flag of EURASEC The Eurasian Economic Community (EURASEC) was put into motion on the 10th October 2000 when Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan signed the treaty. ... The Central American Common Market (abbreviated CACM - in Spanish: Mercado ComÃºn Centroamericano, abbreviated MCCA) is an economic trade organization between five nations of Central America. ... The Pacific Islands Forum is an inter-governmental consultative organ which aims to enhance cooperation between the independent countries of the Pacific Ocean and represent their interests. ... The Intergovernmental Authority on Development (IGAD) is a seven-country regional development organization in Eastern Africa. ... Main articles: League of Nations & History of the United Nations The term United Nations was coined by Franklin D. Roosevelt during World War II, to refer to the Allies. ... Green: members of AEC pillar blocs Red: states signatories to the AEC Treaty, but not participating in any of the pillars The member states of the African Union are mounting efforts to collaborate economically, but they are impeded by the civil wars raging in several parts of Africa. ... A trade bloc is a large free trade zone or near-free trade zone formed by one or more tax, tariff and trade agreements. ... This is a list of the countries of the world sorted by area. ... Sovereignty is the exclusive right to exercise supreme authority over a geographic region or group of people, such as a nation or a tribe. ...

smallest value among the blocs compared

largest value among the blocs compared

During 2004. Source: CIA World Factbook 2005, IMF WEO Database World Factbook 2005 cover The World Factbook is an annual publication by the Central Intelligence Agency of the United States with basic almanac-style information about the various countries of the world. ...

See Also