What is the meaning of ECCAS?
Economic Community of Central African States
The Economic Community of Central African States (ECCAS; French: Communauté Économique des États de l’Afrique Centrale, CEEAC; Spanish: Comunidad Económica de los Estados de África Central, CEEAC; Portuguese: Comunidade Económica dos Estados da África Central, CEEAC) is an Economic Community of the African Union for …
What are the CEMAC countries?
For the Central African Economic and Monetary Community (CEMAC)—Cameroon, Chad, the Central African Republic, Equatorial Guinea, Gabon, and the Republic of Congo—oil is the big story.
Where is ECCAS based?
The Economic Community of Central African States (ECCAS), established in October 1983 and its Secretariat General set up in January 1985, currently has 10 Member States, namely Angola, Burundi, Cameroon, Central African Congo, Gabon, Equatorial Guinea, DR Congo, Sao Tome & Principe and Chad.
Is Rwanda a member of ECCAS?
Rwanda was also officially welcomed upon its return as a full member of ECCAS.
How many countries are in the ECCAS?
11 Member States
ECCAS has 11 Member States – Angola, Burundi, Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Equatorial Guinea, Gabon, Republic of the Congo, São Tomé and Príncipe – which all have signed the CAADP Compact and are at varying stages in the CAADP process.
What is the capital of CEMAC?
It is located in Chad’s capital of N’Djaména. Assuming a judicial and an audit function, it is composed of two Chambers, each composed of six judges. Whereas the Judicial Chamber has to control the respect of the CEMAC treaties and agreements, the Audit Chamber monitors CEMAC’s budget and accounts.
What is the CEMAC region?
The Central African Economic and Monetary Community (CEMAC) is made up of six States: Gabon, Cameroon, the Central African Republic (CAR), Chad, the Republic of the Congo and Equatorial Guinea. With a total population of about 37 million, it covers a total surface of around 3 million km2.
How many countries make up ECCAS?
ECCAS has 11 Member States – Angola, Burundi, Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Equatorial Guinea, Gabon, Republic of the Congo, São Tomé and Príncipe – which all have signed the CAADP Compact and are at varying stages in the CAADP process.
What are the benefits of CEMAC?
By reducing the widespread use of discretionary tax and customs exemptions within the region. These exemptions undermine overall state revenues and weaken governance. CEMAC members would also benefit from better inter-governmental cooperation and coordination on tax policies.
Is DRC part of CEMAC?
5 For the purpose of the EPA negotiations, the DRC is included in the Central African Group although it is not a member of CEMAC, but of the Common Market of Eastern and Southern Africa (COMESA).
Is Cameroon a member of CEMAC?
The Economic and Monetary Community of the Central African States (CEMAC) includes six Central African Countries: Cameroon, Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo.
Who are the members of the ECCAS group?
ECCAS was established on 18 October 1983 by the UDEAC members and the members of the Economic Community of the Great Lakes States (CEPGL) (Burundi, Rwanda and the then Zaire) as well as Sao Tomé and Principe.
Which is the lowest performing country in ECCAS?
The first observation is that eight of ECCAS’s 11 countries score highly and two countries score well. If the lowest performer, Angola (score of zero), were discounted, ECCAS’s performance on this dimension would be stronger still. It should be noted, however, that none of ECCAS’s members has bilateral investment treaties in force.
What was the main objective of the ECCAS?
The main objective of the Economic Community of Central African States (ECCAS) is to promote regional economic cooperation and set-up a Central African Common Market.
Where was the ECCAS summit held in 1999?
The AEC again confirmed the importance of ECCAS as the major economic community in Central Africa at the third preparatory meeting of its Economic and Social Council (ECOSOC) in June 1999. Presided over by President Pierre Buyoya of Burundi, the summit was held in Libreville on 6 February 1998.