OPEC was established in Baghdad, Iraq in 1960, following the meeting of five leading oil producing countries summoned by Iraq. The five countries are Iraq, Kuwait, Saudi Arabia, Venezuela and Qatar. OPEC MEMBER STATES OPEC is currently made up of thirteen member states and they are: Iraq Kuwait Saudi Arabia Venezuela Qatar. Algeria Libya Iran …
Inadequate funding is caused by poverty among member states. Political instability among member states. Language barriers. Lack of enthusiasm among member states. Delay in ratification and implementation of decisions Low level of trade among West African countries. Differences in currency, which makes exchange of goods and services difficult.
Trade liberalization among member states. Promotion of bilateral and regional cooperation. Promotion of common transport and communication system. Promotion of unity and cooperation among member states. Promotion of free movement of goods and people without visas to member states. The setting up of the ECOWAS monitoring group (ECOMOG) has helped to quell the unending war …
The Authority of Heads of State and Government. The Council of Ministers. The Executive Secretariat The Fund for Co-operation, Compensation and Development.
To promote increased co-operation and development in economic activities. To promote the living standard of people through increased trade and infrastructural development To encourage and promote economic stability especially in harmonizing the prices of agricultural products. To promote the rapid development of the African continent. To remove all forms of tariff and quotas among member …
Benin (formerly Dahomey) Burkina Faso Cape Verde Island Ivory Coast (Now Cote d’Ivoire) Liberia Mali Guinea-Bissau Niger Gambia Ghana Guinea Mauritania Nigeria Sierra-Leone Senegal Togo