• Short Summary

    The movement to create a West African economic community cutting across former colonial links and linguistic frontiers, took another step forward on Monday (27 January) when ministers from the fifteen countries involved met in the Liberian capital, Monrovia, to discuss the formation of a character.

  • Description

    The movement to create a West African economic community cutting across former colonial links and linguistic frontiers, took another step forward on Monday (27 January) when ministers from the fifteen countries involved met in the Liberian capital, Monrovia, to discuss the formation of a character. The convention was opened by Liberian President William Tolbert.

    Addressing delegates to the four-day session, President Tolbert stressed that the West African economic community structure should be based on pragmatism and realism. He urged that artificial political boundaries, dating from colonial times, should not be allowed to polarise African economies.

    The object of the ministerial conference in Monrovia is to produce a working document upon which to base the new economic grouping. This will be followed by a meeting of heads-of-state in Nigeria later in the year, to endorse the treaty establishing the West African economic community.

    One of the great stumbling blocks to the finalisation of plans for the community has been traditional ties between French-speaking African countries. States including Mali, Upper Volta, Senegal and Ivory Coast have preferred trade and economic agreements within the "franc zone". In 1973, these countries, along with niger and Mauritania, launched the Communaute Economique de I'Afrique de l'Ouest (CEAO). But since then, the leaders of Nigeria and Togo have impressed upon the CEAO members the greater advantages of an economic community embracing all states in West Africa.

    The formation of the West African economic community will turn the region into a vast free-trade area, where industry can be encouraged by the opening of a multi-national market.

  • Tags

  • Data

    Film ID:
    VLVADLMQ5OR5NBYUH4XE05NCO3HND
    Media URN:
    VLVADLMQ5OR5NBYUH4XE05NCO3HND
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    29/01/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:34:00
    Time in/Out:
    /
    Canister:
    N/A

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