The Economic Community of West African States (ECOWAS) is a regional group of fifteen West African countries. Founded on 28 May 1975, with the signing of the Treaty of Lagos, its mission is to promote economic integration across the region.
Considered one of the pillars of the African Economic Community, the organization was founded in order to achieve "collective self-sufficiency" for its member states by creating a single large trading bloc through an economic and trading union. It also serves as a peacekeeping force in the region. The organization operates officially in three co-equal languages—English, French, and Portuguese.
The ECOWAS consists of two institutions to implement policies -- the ECOWAS Commission and the ECOWAS Bank for Investment and Development, formerly known as the Fund for Cooperation until it was renamed in 2001.
A few members of the organization have come and gone over the years. In 1976 Cape Verde joined ECOWAS, and in December 2000 Mauritania withdrew, having announced its intention to do so in December 1999.
Read more about Economic Community Of West African States: Current Members, Transport
Famous quotes containing the words economic, community, west, african and/or states:
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
—Ernest Hemingway (18991961)
“Justice begins with the recognition of the necessity of sharing. The oldest law is that which regulates it, and this is still the most important law today and, as such, has remained the basic concern of all movements which have at heart the community of human activities and of human existence in general.”
—Elias Canetti (b. 1905)
“In their sympathies, children feel nearer animals than adults. They frolic with animals, caress them, share with them feelings neither has words for. Have they ever stroked any adult with the love they bestow on a cat? Hugged any grownup with the ecstasy they feel when clasping a puppy?”
—Jessamyn West (19071984)
“The white man regards the universe as a gigantic machine hurtling through time and space to its final destruction: individuals in it are but tiny organisms with private lives that lead to private deaths: personal power, success and fame are the absolute measures of values, the things to live for. This outlook on life divides the universe into a host of individual little entities which cannot help being in constant conflict thereby hastening the approach of the hour of their final destruction.”
—Policy statement, 1944, of the Youth League of the African National Congress. pt. 2, ch. 4, Fatima Meer, Higher than Hope (1988)
“With steady eye on the real issue, let us reinaugurate the good old central ideas of the Republic. We can do it. The human heart is with usGod is with us. We shall again be able not to declare, that all States as States, are equal, nor yet that all citizens as citizens are equal, but to renew the broader, better declaration, including both these and much more, that all men are created equal.”
—Abraham Lincoln (18091865)