AEC Treaty
E633087
The AEC Treaty is the founding agreement establishing the African Economic Community, aimed at promoting economic integration and development among African states.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
economic integration agreement
ⓘ
international treaty ⓘ |
| adoptedBy |
OAU
NERFINISHED
ⓘ
Organization of African Unity NERFINISHED ⓘ |
| aimsTo |
coordinate and harmonize policies among existing and future regional economic communities in Africa
ⓘ
promote collective self-reliance of African states ⓘ promote economic development in Africa ⓘ promote economic integration in Africa ⓘ promote endogenous and self-sustained development of African economies ⓘ strengthen economic, social and cultural integration of African states ⓘ |
| alsoKnownAs | Abuja Treaty NERFINISHED ⓘ |
| concludedUnder | Organization of African Unity framework ⓘ |
| containsProvisionsOn |
agriculture
ⓘ
education, training and culture ⓘ energy and natural resources ⓘ free movement of persons and rights of residence and establishment ⓘ industry ⓘ science and technology ⓘ trade liberalization ⓘ transport and communications ⓘ |
| depository | Secretary-General of the Organization of African Unity NERFINISHED ⓘ |
| enteredIntoForceOn | 1994-05-12 ⓘ |
| establishes | African Economic Community NERFINISHED ⓘ |
| establishesStageProcess | six-stage process over up to 34 years to create the African Economic Community ⓘ |
| language |
Arabic
ⓘ
English ⓘ French ⓘ Portuguese ⓘ |
| legalStatus | binding treaty under international law ⓘ |
| memberParties | African Union member states ⓘ |
| officialName | Treaty Establishing the African Economic Community NERFINISHED ⓘ |
| providesFor |
creation of the African Common Market
ⓘ
establishment of a continental customs union ⓘ eventual establishment of an African Economic and Monetary Union ⓘ free movement of persons, goods, services and capital in Africa ⓘ harmonization of sectoral policies among African states ⓘ strengthening of regional economic communities as building blocks of the AEC ⓘ |
| region | Africa ⓘ |
| relatedInstrument | Constitutive Act of the African Union NERFINISHED ⓘ |
| shortName | AEC Treaty NERFINISHED ⓘ |
| signedAt | Abuja, Nigeria NERFINISHED ⓘ |
| signedOn | 1991-06-03 ⓘ |
| stageFiveFocus | establishment of an African Common Market ⓘ |
| stageFourFocus | coordination and harmonization among regional economic communities ⓘ |
| stageOneFocus | strengthening existing regional economic communities ⓘ |
| stageSixFocus | establishment of an African Economic and Monetary Union ⓘ |
| stageThreeFocus | establishment of free trade areas and customs unions at regional level ⓘ |
| stageTwoFocus | stabilization of tariff and non-tariff barriers and harmonization of customs duties ⓘ |
| succeededBy | African Union NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.