Author:Penn Rene Azie

Penn Rene Azie

Political Science
Cameroon

Program of Masters & PhD in Engineering
Faculty of Engineering
•••••••••••botambucollins@gmail.com
University of Buea
Cameroon

     

INTRODUCTION

•••THE RELEVANCE OF SUB REGIONAL ECONOMIC INTEGRATION IN CENTRAL AFRICA

Regional Economic Communities (RECs) in the Central Africa sub region are set out to promote intra-regional trade, and ultimately unite and develop the economies of the sub region. With the above ambitions, it is controversial as to why Central Africa is signing economic partnership agreements (EPAs) with the EU, which discourage intra-regional trade.. This work covers the three regional economic integration schemes in the Central Africa sub region. Primary and secondary data were collected from treaties and protocols, the EPA, international organizations, and books, Newspaper and journal articles, respectively. The work uses the custom union theory to ascertain the fact that integration in the sub region aims at increasing welfare. Data was analyzed using content analysis. Conclusions were drawn based on the content of data reviewed. It was discovered that, the EPA, in one of its clauses, seeks to promote free trade between the EU and the Central Africa sub region. Regional economic integration in the sub region has promoted intra-regional trade, the free movement of community citizens and goods in the sub region, environmental protection, construction and maintenance of regional infrastructures and services, and a host of others. Problems like weak community vision and political will, distrust, poor transport infrastructure, keeps playing down on the advancement of economic integration in the sub region. It is recommended that: the sub region should avoid ratifying EPAs as it might increase the welfare effects of its inhabitants but end up discouraging intra-community trade and pushing local producers out of the markets; it also recommended that there should be the implementation of a sub regional integration plan to be followed by all RECs and that, economic efficiency should be fostered through a policy of effective and respected free trade within the sub region which will stimulate competition and raise the standard of living of the population.

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TITLE - THE RELEVANCE OF SUB REGIONAL ECONOMIC INTEGRATION IN CENTRAL AFRICA
AUTHOR - Penn Rene Azie
••••••IJSER Edition - March 2018

UNIVERSITY - University of Buea
GUIDE NAME -
Dr Tam-bi Nkongho



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