Events

West African Civil Society meeting

Date:13 Jan 2014 - 15 Jan 2014 Venue:Dakar

pdf EPA Regional Dialogue

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ECOWAS Extra Ordinary Heads of State and Government

Date:25 Oct 2013 Venue:Dakar

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Economic issues to dominate ECOWAS extraordinary summit in Dakar

Date:22 Oct 2013 Venue:Dakar

After opening statements by President of the host country, Macky Sall, the

Ivorian President Alassane Ouattara, current Chair of the Authority of ECOWAS Heads of State and Government, and the President of the ECOWAS Commission, Kadré Désiré Ouédraogo, the meeting will go into closed-door sessions to consider the Commission President’s memorandum on the consolidation of the regional market and the report of the last Extraordinary Session of the Council of Ministers.

 

At that Council meeting held on 30th September 2013 in Abidjan, Cote d’Ivoire, the Ministers made a number of recommendations to regional leaders, particularly on regional monetary cooperation, the EPA negotiations and the ECOWAS CET.

 

On the CET, they adopted a Community Regulation on supplementary protection measures with an import adjustment tax and a supplementary protection tax.

 

The ministers also agreed on a five-year transitional period for the application of the import adjustment tax and the implementation of the CET from 1st January 2015, with provision for its annual assessment.

 

They recommended that the status quo be maintained on the community levy for a five-year transitional period, during which a study would be conducted with a view to reaching a convergence on a single rate and a uniform scope.

Council equally recommended that necessary measures be taken for effective implementation of the ECOWAS Trade Liberalization Scheme (ETLS) and for an annual evaluation of the scheme.

 

On the EPA negotiations, the ministers authorized the West African negotiators to continue discussions with the European Union on the basis of a new market access offer.

 

They urged both sides to reach compromises on all the outstanding issues bearing in mind the development imperatives of West Africa.

Council further called on ECOWAS Member States to take all necessary measures for the creation of the second West African Monetary Zone as soon as possible and recommended that a Head of State be designated to drive the process.

The Dakar Extraordinary Summit is also expected to discuss other regional monetary cooperation matters and other topical issues, particularly the political situations in Mali, Guinea-Bissau and Guinea.

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ECOWAS Extra Ordinary Council of Ministers

Date:30 Sep 2013 Venue:Abidjan

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CET and EPA on the agenda of the extraordinary session of the ECOWAS Council of Ministers in Abidjan

Date:30 Sep 2013 Venue:Abidjan

Speaking at the opening of the Extraordinary Session of the ECOWAS Council of Ministers on Monday, 30 September 2013 in Abidjan, Mr. Diby tasked his peers and colleagues in charge of Trade and Finance at the meeting, to make relevant proposals on the strategic guidelines to adopt for the advancement of the Community.

 

«More importantly, we should take into account the requirements relating to the acceleration of the regional integration process through trade liberalization, macroeconomic policy harmonization and, especially the need to form a united bloc for the management of the economic interests of our States in negotiations with the European Union», Mr. Diby said.

 

The EPA negotiations between West Africa and the European Union, the ECOWAS CET, regional monetary cooperation, the memorandum of the President of the ECOWAS Commission on the consolidation of the regional market are the main items in the agenda. The meeting will also discuss the feasibility of the creation of a single currency for West Africa by 2020 through a two-step strategy that requires the creation of a second regional currency by 2015. The Chairman noted that significant progress has been made in the regional efforts to address the issues pertaining to the implementation of the issues in the agenda.

 

The President of the ECOWAS Commission, His Excellency Kadré Désiré Ouédraogo, used the opportunity of his earlier speech to underscore some of the major challenges in these areas and stressed the urgent need to speed up the effective integration of regional markets.

 

In particular, Mr. Ouédraogo urged the Ministers to find additional consensus measures aimed at resolving the issue of the proposed Integration Community Levy (ICL), taking into account the outstanding concerns of certain Member States regarding the impact of the CET implementation on their industries.  «It has not been difficult thus far, to strike a balance between national concerns and regional interest, proving thence, that regional interest takes precedence over national issues. With this general understanding, it is no longer necessary to prove the overriding need to integrate our economies. It will occur through the intensification of trade among our Member States, and through the improvement of our competitiveness and development of our production potential», declared Mr. Ouédraogo. He believed that the realism and relevance of the recommendations of this special Council will go a long way to strengthen the economic integration of

West Africa.

 

This special Council forms part of preparations for the next Extraordinary

ECOWAS Summit scheduled for October 2013 in Dakar, Senegal, which will deliberate on economic issues such as the finalization of the ECOWAS CET, ICL, the EPA and the regional monetary cooperation programme.

 

The Council comprises ministers responsible for Integration and Finance of

ECOWAS Member States who were joined by their counterparts for Trade for this extraordinary session.

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Regional meeting on West Africa’s Market Access Offer and EPA Development Programme (EPADP)

Date:06 May 2013 - 10 May 2013 Venue:Banjul

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