The Economic and Monetary Community of Central African States

The Economic and Monetary Community of Central African States

BP 969,Building CEMAC Avenue des Martyr,BANGUI,-
Contact Phones: -,+236) 21 61 47 81
Web Address: www.cemac.int
Write to Us
 
About The Economic and Monetary Community of Central African States

The Economic and Monetary Community of Central African States (CEMAC) includes six countries: Cameroon, Congo, Gabon, Equatorial Guinea, Central African Republic and Chad. It's mission is to promote the harmonious development of Member States through the establishment of a true common market. The current CEMAC rose from the ashes of the old CACEU the Customs and Economic Union of Central Africa (UDEAC), preceded by the Equatorial Customs Union (UDE). Its historical cycle is as follows:

• June 1959 Creation of the Equatorial Customs Union (UDE). • 1961 accession of the State of Cameroon.                         • December 8, 1964, in Brazzaville signing of the Treaty establishing the Customs and Economic Union of Central Africa (UDEAC).                                                                 • 1983 accession of Equatorial Guinea to UDEAC.                                                                                        • March 16, 1994, signed in N'djamena in Chad Treaty establishing the Economic and Monetary Community of Central Africa (CEMAC). 

The founding fathers of the organization set themselves several objectives including:                                                                          • Create a common market based on the free movement of people, goods, capital and services.

• Ensure stable management of the common currency;

• Securing the environment for economic activities and business in general;

• Harmonizing regulations of national sectoral policies.

VISION

• The activities of the CEMAC today revolve around the Regional Economic Programme which aims to "make CEMAC emerge an integrated economic area, where security prevail, solidarity and good governance in the service of human development."

• The PER has an emerging agenda (2010 - 2025) in three five-year phases for the realization of Vision 2025 of CEMAC: Phase (2010-2015), which involves the construction of the institutional foundations of the emergence; phase (2016-2020) is the "anchor of the pillars of economic diversification of the Community.


[Compliances and Memberships/Affiliations]