Sunday, June 5, 2011

This Day in African History � Treaty of Lagos (About)

The Economic Community of West African States (ECOWAS) was created by the
Treaty of Lagos in Lagos, Nigeria, on 28 May 1975. It was created to promote
economic trade, national cooperation, and monetary union, for growth and
development throughout West Africa.


A revised treaty intended to accelerate integration of economic policy and
improve political cooperation was signed on 24 July 1993. It sets out the
goals of a common economic market, a single currency, the creation of a West
African parliament, economic and social councils, and a court of justice. The
treaty also lays the burden of settling regional conflicts on the treaty
members.

This Day in African History � Treaty of Lagos originally appeared on About.com
African History on Saturday, May 28th, 2011 at 00:10:21.

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