USAID Office of Food for Peace Burkina Faso Bellmon ... - CiteSeerX

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Global/Regional Economic Linkages/Memberships/Agreements/Partners
Burkina is party to several economic memberships, most notably the eight-member West
African Economic and Monetary Union (UEMOA), seated in Ouagadougou, Burkina Faso. The
unit of local currency, the West African CFA franc (currency code XOF), is pegged to the Euro
and printed for the member states of UEMOA in Dakar, Senegal. In addition to using a common
currency, UEMOA members have lifted tariffs on agricultural and artisanal goods, livestock and
certain industrial products. UEMOA members also agree to set a maximum external customs
duty of 20 percent for non-member imports.
Table 16: Economic Partnerships
Trade
Agreement /
Organization
Organization of
African Unity
(OAU),
predecessor to
the African
Union (AU)
Year of
membership:
1963
African Union
(AU)
Year of
membership:
2002
Economic
Community Of
West African
States
(ECOWAS)
Year of
membership:
1975
Member Countries Purpose
Angola, Algeria, Botswana, Burundi, Cameroon, Cape Verde,
Central African Republic, Chad, Comoros, Congo (Brazzaville),
Congo (Léopoldville), Dahomey, Djibouti, Egypt, Eritrea, Ethiopia,
Equatorial Guinea, Gabon, Gambia, Ghana, Guinea, Guinea-
Bissau, Côte d’Ivoire, Kenya, Lesotho, Liberia, Libya, Madagascar,
Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique,
Namibia, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, Sao
Tome and Principe, Seychelles, Somalia, South Africa, The Sudan,
Swaziland, Tanganyika, Togo, Tunisia, Uganda, Upper Volta,
Western Sahara, Zambia, Zanzibar, Zimbabwe
Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi,
Cameroun, Cape Verde, Central African Republic, Chad, Comoros,
Congo, DRC, Côte d’Ivoire, Djibouti, Egypt, Equatorial Guinea,
Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea Bissau, Guinea,
Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali,
Mauritania, Mauritius, Mozambique, Namibia, Niger, Nigeria,
Rwanda, Sao Tome, Senegal, Seychelles, Sierra Leone, Somalia,
South Africa, Sudan, Swaziland, Tanzania, Togo, Tunisia, Uganda,
Western Sahara, Zambia, Zimbabwe
Benin, Burkina Faso, Cape Verde, Côte d’Ivoire, Gambia, Ghana,
Guinea, Guinea Bissau, Liberia, Mali, Niger, Nigeria, Senegal,
Sierra Leone, Togo
Promote unity and
solidarity among African
states, to eradicate all
forms of colonialism.
OAU was established
on 25 May 1963. It was
disbanded on 9 July
2002 and replaced by
the AU .
Establish a Union
Government of Africa
and single-currency
African Economic
Community. Currently,
eight Regional
Economic Communities
(RECs) exist, including
ECOWAS
ECOWAS Bank for
Investment and
Development
40 BEST ANALYSIS – BURKINA FASO