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Immeuble CEMAC, Avenue des martyrs, BP 969, Bangui, République Centrafricaine
Phone : +236 612179 / + 236 614781 / Fax : +236 612135
Web site : www.cemac.int
On 8 December 1964 at Brazzaville, the states of Cameroon, Central Africa, the Congo, Gabon and Chad (Equatorial Guinea joined in 1983) signed the treaty establishing the Customs and Economic Union of Central Africa (UDEAC), heir to the Equatorial Customs Union (UDE) created in 1959. With the signing of the Treaty establishing the Economic and Monetary Community of Central Africa (CEMAC) on 16 March 1994 at N’Djamena, Chad, these countries committed to reviving the process of economic and social integration under a new, more dynamic form.
CEMAC’s central mission is to promote harmonising development of member states as part of establishing a real common market. Its objectives are to : put in place a multilateral monitoring system of member states’ economic policies ; ensure stable management of the common currency ; secure the economic activities and business environment in general ; harmonise sectoral policy regulations in essential areas stipulated by organic laws (agriculture, livestock farming, fishing, industry, commerce, transport and telecommunications, energy and environment, research, teaching and professional training.); create a communal market based on the free circulation of people, goods, capital and services. In addition, these same governments accepted to allow this new Community to benefit from the transfer of part of member states’ sovereignty: a transfer whose importance can be appreciated by the creation of a Community Parliament and Court of Justice as well as numerous prerogatives devolved to the Executive Secretariat.