West African Economic and Monetary Union
Countries of West Africa have an uphill task before them on the political and economic fronts. Recent events have proved rather distressing and they clearly signpost greater causes for worries about the sub-region’s future.
The Federation of Employers’ Associations of West Africa has organised a capacity building workshop to inform, sensitise and train members on their Annual Operation Plan.
The European Union and the West African countries have agreed to conclude a regional agreement on trade in goods and development cooperation by October 2009.
West African states are working at salvaging regional relations with a renewed attempt to collectively negotiate an economic partnership agreement (EPA) with the European Union.
Algeria is working on signing free trade agreements with the West African Economic and Monetary Union (UEMOA) countries, the union said in a statement Monday.
The Economic Partnership Agreements (EPAs), currently negotiated being between African, Caribbean and Pacific countries (ACPs) and the European Union are set to further reduce incomes of farmers and agric-related employees by 50-60%, anti-EPAs campaigners have said.
EU Trade Commissioner Peter Mandelson met with West African Ministers on 27 October to agree on the next phase of the Economic Partnership Agreement negotiations between the two regions. Ministers agreed to start negotiations in 2006.
This report looks at major Customs Unions, Free Trade Areas, and economic
association agreements around the world, with particular attention to any clauses
covering social issues, core labour standards and trade union participation.