Goals
The AEC founded through the Abuja Treaty, signed in 1991 and entered into force in 1994 is envisioned to be created in six stages:
- (to be completed in 1999) Creation of regional blocs in regions where such do not yet exist
- (to be completed in 2007) Strengthening of intra-REC integration and inter-REC harmonisation
- (to be completed in 2017) Establishing of a free trade area and customs union in each regional bloc
- (to be completed in 2019) Establishing of a continent-wide customs union (and thus also a free trade area)
- (to be completed in 2023) Establishing of a continent-wide African Common Market (ACM)
- (to be completed in 2028) Establishing of a continent-wide economic and monetary union (and thus also a currency union) and Parliament
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- End of all transition periods: 2034 at the latest
Read more about this topic: African Economic Community
Famous quotes containing the word goals:
“Let us beware of saying there are laws in nature. There are only necessities: there is no one to command, no one to obey, no one to transgress. When you realize there are no goals or objectives, then you realize, too, that there is no chance: for only in a world of objectives does the word “chance” have any meaning.”
—Friedrich Nietzsche (1844–1900)
“Artists have a double relationship towards nature: they are her master and her slave at the same time. They are her slave in so far as they must work with means of this world so as to be understood; her master in so far as they subject these means to their higher goals and make them subservient to them.”
—Johann Wolfgang Von Goethe (1749–1832)
“We cannot discuss the state of our minorities until we first have some sense of what we are, who we are, what our goals are, and what we take life to be. The question is not what we can do now for the hypothetical Mexican, the hypothetical Negro. The question is what we really want out of life, for ourselves, what we think is real.”
—James Baldwin (1924–1987)