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Canada Economic integration: ECCAS defines its projects for the next five years

16:55  28 november  2020
16:55  28 november  2020 Source:   rfi.fr

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The Economic Community of Central African States is an Economic Community of the African Union for promotion of regional economic co-operation in Central Africa. It "aims to achieve collective autonomy

ECCAS began functioning in 1985, but was inactive for several years because of financial difficulties (non-payment of membership fees) and the The AEC again confirmed the importance of ECCAS as the major economic community in Central Africa at the third preparatory meeting of its Economic

Le président gabonais, Ali Bongo, au milieu des chefs d’État et de gouvernement présents lors du sommet de la CEEAC à Libreville, le 18 décembre 2019. (Image d'illustration) © Steve JORDAN / AFP The Gabonese President, Ali Bongo, in the midst of the Heads of State and Government present at the ECCAS summit in Libreville, the December 18, 2019. (Illustrative image)

Six out of eleven heads of state attended a summit of the Economic Community of Central African States (ECCAS) on November 27 in Libreville, Gabon. This first face-to-face meeting since the outbreak of the Covid-19 pandemic was devoted to accelerating regional integration in this region, which is very rich in raw materials but which also happens to be the least integrated and least developed on the continent.

With our correspondent in Libreville, Yves-Laurent Goma

Corona will be followed by the debt pandemic

 Corona will be followed by the debt pandemic The pandemic will not only cost many lives, but also $ 12 trillion in economic output. Because of this, the debt will also increase significantly. And no country, according to the IMF, will be spared. © picture-alliance / AP Photo / B. Garbett Provided by Deutsche Welle Global economic output will decline in this year , which was marked by the corona pandemic - all observers agree on this. There is no evidence to suggest any other development.

Economic integration , process in which two or more states in a broadly defined geographic area reduce a range of trade barriers to advance or protect a set of economic goals. It is in its political dimension that economic integration differs from the broader idea of regionalism in general.

Which level of economic integration is present in an agreement that has no barriers to trade Based on economic theories, free trade is viewed as a _ as all participating nations stand to gain. After the British government formally notified of its intent to exit the European Union, the country had

Around Gabonese President Ali Bongo were Idriss Déby from Chad, Denis Sassou Nguesso from Congo, João Lourenço from Angola, Faustin Archange Touadéra from Central Africa and Évariste Ndayishimiye from Burundi , all came to appreciate the reforms undertaken to energize ECCAS, the Economic Community of Central African States. After Ali Bongo, Congolese President Denis Sassou-Nguesso will assume the rotating presidency of the institution.

The latter has been completely renovated. Its priorities for the next five years are now the construction of interstate roads, the realization of the common market and the free movement of people and goods. Security in the region is the other priority. Armed conflicts have delayed the development of states and blocked regional integration, recognizes the ECCAS commission.

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of the regional integration are the economic union-common markets in which some. important policies are harmonized among the member states . Its major activities involve. coordinating economic policies and development planning; devising and instituting. special projects for the less-developed

It is composed of five brigades from ECOWAS, SADC, ECCAS and Eastern and Northern geographical regions of Africa. continental economic integration through experience sharing and reinforcement. 2. goals and priority areas for the first ten years Text Boxes 2.1 Fast Track Projects and Programmes 2.2 Definitions , Base Line Information and Nature of Targets.

In Libreville, the heads of state, for example, adopted a declaration on the security situation in the Central African Republic. "Let us reiterate our appeal to the United Nations Security Council, with a view to lifting the arms embargo against the Central African Republic to allow this country to have the necessary means for the overhaul of its defense forces and security, said Pacôme Moubelet Boubeya, Gabonese Minister of Foreign Affairs. Let us decide on the appointment of a mediator in the Central African crisis. "

► Also listen: ECCAS: Africa hopes to find $ 20 billion for its infrastructure

Provinces push Freeland to delay bump in CPP premiums in economic update .
OTTAWA — Provincial finance ministers have quietly prodded Finance Minister Chrystia Freeland to pause planned increases in premiums workers and businesses pay into the Canada Pension Plan. The planned increase on Jan. 1 is part of a multi-year plan approved by provinces and the federal government four years ago to boost retirement benefits through the public plan by increasing contributions over time. The first premium bump was in 2019, another was earlier this year and the next is due at the beginning of 2021.

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