ECOWAS: Integration, development agenda receives boost

Abuja, Nigeria (PANA) - The ECOWAS Commission and its Development Partners have agreed to continue to work towards the full realization of their regional integration and development agenda for West Africa.

According to the ECOWAS Commission, the agreement was reached at the end of a one-day workshop in Abuja on 29 June 2015, with the theme 'Fostering Regional Economic Integration and Development in West Africa'.

PANA reports that at the workshop, high officials from both sides of the table, having compared notes on the progress of their cooperation so far, pledged to harmonize a common regional strategy for the attainment of beneficial trade, Common External Tariff (CET), Community Development and Monetary Integration programmes as well as the positioning of the private sector for the economic advancement of the people of West Africa.

Examining the current situation and the way forward with regards to the theme of the workshop, the experts made presentations on the status, challenges and needed political support for the CET implementation, the establishment of a customs union as well as intra-regional trade facilitation.

Reviews were also given by the concerned ECOWAS Directors on the Community Development Programme (CDP), Monetary Cooperation, Private Sector Promotion Strategy and Projects as well as Industrial Strategy and Projects  

Summarizing the three sessions of deliberations, ECOWAS Commissioner for Macroeconomic Policy and Economic Research Ibrahim Bocar Ba said the strides made on monetary cooperation appraisal as well as the problems identified on the general issues of integration that was ventilated by the various experts would lead to a much more stable region that is steadily attracting foreign investors in fulfillment of the dreams of the ECOWAS founding fathers.

The Commissioner told the development partners that there is now a need to work on the responsibilities of various partners on their roles concerning the idea of a monetary union in consonance with the decision taken in Dakar by the Heads of State and governments of ECOWAS for a facilitation of ECOWAS Monetary Cooperation Programme.      

The ECOWAS Development Partners which participated at the workshop included European Union (EU), German International Cooperation Agency (GIZ), and the United Nations Industrial Development Organisation (UNIDO).
-0- PANA SEG 1July2015

01 july 2015 09:53:00




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