Increasing trade liberalization among member states Harmonization of member states which has led to economic progress among member states. Creation of large market, which has led to establishment of large-scale industries. Ensuring a free flow of human and material resources from one member country to another.
To encourage increased trade among member countries. To promote a wide range of industrial development To promote a better allocation of resources To promote a better mobility of factors of production To ensure future customs union To facilitate infrastructural development among member countries To promote economies of large-scale production To remove all forms of tariff …
The Authority of Heads of states and government The council of Ministers. The general secretariat situated in Lagos The fund for co-operation, compensation and development.
ECONOMIC COMMUNITY OF WEST AFRICAN STATES (ECOWAS): This organization was established on the 28th of May, 1975 with its headquarters in Lagos. It is made up of sixteen countries.
Eliminating restrictions on mobility of labour Generation of funds necessary for economic development of member countries. Removal of internal tariffs of member countries. Implementation of a common agricultural policy.
To eliminate all forms of trade barriers among the member nations. To establish a common commercial policy towards non- member countries. To harmonize socio-economic and political policies. To eliminate all forms of barriers to mobility of labour. To establish a common transport system and agricultural policy To establish a common fund for the enhancement of …