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2019
Economic Affairs Department (EAD)
African Union Commission Department of Economic Development, Trade, Industry, Mining (ETIM)
Addis Ababa
Central Africa | Eastern Africa | Northern Africa | Southern Africa | Western Africa
African Union Commission Department of Economic Development, Trade, Industry, Mining (ETIM)
African Union Commission Department of Economic Development, Trade, Industry, Mining (ETIM)
xx, 130p. ill.
978-92-95104-71-6 | 978-92-95104-70-9 Print

This report first presents the historical context of the African integration process and the progress of African leaders towards achieving a united, integrated and prosperous continent under the Abuja Treaty and AU Agenda 2063. The Abuja Treaty, signed in 1991, lays the groundwork for the creation of African Economic Community (AEC), whereby the economies of the member states of the AU will be fully integrated and an African Economic Community created. The goal of the AEC is to transform the fifty-five (55) African economies into a single economic and monetary union, with a common currency and free mobility of capital and labour. The Sirte Declaration, signed in 1999, and the Constitutive Act of the African Union aim at fast-tracking Africa’s integration through the creation of key institutions such as the African Central Bank, an African Monetary Fund, an African Investment Bank, the African Court of Justice and the Pan-African Parliament. Establishing the three continental financial institutions has been slow because member states have been slow to ratify the relevant instruments. Although the other institutions—the African Court of Justice and the Pan-African Parliament—are in place, they have limited powers to carry out their mandates specified in the Abuja Treaty. According to the Abuja Treaty objectives, Africa’s integration process is expected to be completed by the creation of the African Economic Community (AEC), following a six-step sequential approach over 34 years. With the AU Commission playing a coordination role, the realisation of the AEC is predicated on the progress achieved by regional economic communities (RECs), the key pillars of Africa’s integration process.....

The main objective of the report is to assess the African integration process by highlighting challenges, key achievements, and recommendations with respect to the Abuja Treaty and Agenda 2063 as well as lessons from other regional economic groupings such as the European Union. The specific objectives are: • To present the achievements of the member states, the RECs and the AUC. The report identifies and describes the status of the tools and elements put in place to implement the integration agenda. • To review the challenges hindering the African integration process. The report considers these challenges as opportunities African countries and institutions can harness to accelerate the creation of the AEC and to foster the structural transformation needed to tackle poverty, inequality and international marginalisation of Africa. • To analyse the perspectives on integration by the member states, the RECs and the AUC. New visions of integration are presented with innovative solutions that serve as recommendations to stimulate a new dynamic in the integration process.

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