Economics Trade Agreements Questions
The West African Economic and Monetary Union (WAEMU) is a regional organization consisting of eight West African countries: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. It was established in 1994 with the goal of promoting economic integration and cooperation among its member states. WAEMU aims to create a common market, facilitate the free movement of goods, services, and capital, and establish a common currency, the West African CFA franc. The union also works towards harmonizing economic policies, implementing trade agreements, and fostering regional development.