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INTRODUCTION
Remarkable
changes have occurred in West Africa since the signing of the ECOWAS
Treaty1 on 25 May 1975 just as the external environment has
undergone considerable changes. This year’s celebration of the
25th anniversary of the community is an opportunity for reviewing
the process of integration within the ECOWAS framework. This
document is the Executive Secretariat’s contribution to the study
of the achievements and prospects of ECOWAS.
The
vision that the founding fathers had at the time of the creation of
ECOWAS was one of collective self-sufficiency through the
integration of the sixteen West African countries into an economic
block with a single market organised around an economic and monetary
union. This concern was born out of the realisation that the
domestic markets of the member States taken individually were, as a
result of their smallness, far from being competitive in a world
environment marked by the existence of large trade blocks.
The
overall objective of ECOWAS is to promote co-operation and
integration in order to create an economic and monetary union for
encouraging economic growth and development in West Africa. In order
to do this, the following actions are envisaged:
the suppression of customs
duties and equivalent taxes
the
establishment of a common external tariff;
the
harmonisation of economic and financial policies
the
creation of a monetary zone.
.In view of the slowness in the
progress recorded by ECOWAS, the 1975 treaty has been revised. The
principle of supranationality in the application of decisions and
the autonomous funding of the budgets of the institutions have
been introduced. Furthermore, the creation of supranational
institutions of control and arbitration has been envisaged in the
application of decisions : a court of justice, a parliament and an
economic and social council.
.In
spite of the difficulties, ECOWAS has chalked up remarkable progress
in the area of free movement of persons; construction of regional
(inter-State) roads, development of telecommunication links between
the States and maintenance of peace and regional security. It is in
the area of the integration of markets that the efforts of the
Community have been frustrating. In fact, the trade liberalisation
scheme is not yet operational as shown by the low level of the
intraregional trade which is only 11% as compared to trade with
third countries. Besides, the common ECOWAS external tariff has
still not seen the light of day and the economic and financial
policies have not been harmonised although a framework has been
established for this.
Numerous
problems have been encountered by ECOWAS in the enhancement of the
process of regional integration of West Africa. Among the most
important of these problems are: the political instability and bad
governance that have plagued many of the countries; the weakness of
the national economies and their insufficient diversification; the
absence of reliable road, telecommunications and energy
infrastructure; the insufficient political will exhibited by some
member States; the bad economic policies in certain cases; the
multiplicity of organisations for regional integration with the same
objectives; the irregularity in the payment of financial
contributions to the budgets of the institutions; the failure to
involve the civil society, the private sector and mass movements in
the process of integration; the defective nature of the
integrational machinery in certain cases.
If,
on the whole, the results of the integrational efforts made in West
Africa by ECOWAS have, as already indicated, been clearly below
expectations, there are, however, promising signs which indicate
better prospects for the future. For example, it has been observed
that recent events in the political and economic scenery of West
Africa have gradually helped to remove the principal obstacles to
integration. Among these are:
the advent of democracy in
most ECOWAS countries, particularly, in Nigeria which is the
dominant economy in West Africa;
the
gradual withdrawal of the State from the sectors of productive
activity, and the realisation that the private sector must be the
mainspring of growth and economic integration;
the
adoption of a strategy for accelerating the ECOWAS process of
integration in order to create a single regional market based on
trade liberalisation, to establish a common external tariff and to
harmonise economic and financial policies;
the
recognition of the relevance of a different approach in the march
towards integration as found in the initiative of the non-UEMOA
countries in creating a second monetary zone in West Africa which
will merge up with the UEMOA zone to give rise to a single ECOWAS
monetary zone in the year 2004;
the
harmonisation of the programmes of ECOWAS and UEMOA in connection
with the acceleration of the process of integration in West
Africa;
the
liberalisation of national markets and external trade that
resulted from adjustment and reform programmes and which led to
some amount of convergence in macroeconomic policies;
the
common challenge that is thrown by the creation of trade blocks in
other regions of the world and globalisation which risks
marginalising Africa; this makes it necessary to accelerate the
transition towards an autonomous and self-financed development
within the framework of African integration;
the
restructuring of the Executive Secretariat and ECOWAS Fund within
the framework of the improvement of their operational procedures.
The member States of ECOWAS
must lean on these prospects for enhancing the process of regional
integration and accept the development challenge of the 21st
century.
The
document comprises two chapters and annexes. Chapter One deals with
the achievements of ECOWAS and Chapter Two is on the prospects and
the development framework of the Community. The annexes present the
state of implementation of the ECOWAS integrational programme,
country by country. |