Economic and Monetary Community of Central Africa

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States of CEMAC

The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de l'Afrique Centrale) is an organization of states of Central Africa established to promote economic integration among countries that share a common currency, the CFA franc.

CEMAC is the successor of the Customs and Economic Union of Central Africa (UDEAC), which it completely superseded in June 1999 (through an agreement from 1994).

Its member states are Cameroon, the Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon.

CEMAC's objectives are the promotion of trade, the institution of a genuine common market, and greater solidarity among peoples and towards under-privileged countries and regions.^[1] In 1994, it succeeded in introducing quota restrictions and reductions in the range and amount of tariffs. Currently, CEMAC countries share a common financial, regulatory, and legal structure, and maintain a common external tariff on imports from non-CEMAC countries. In theory, tariffs have been eliminated on trade within CEMAC, but full implementation of this has been delayed. Movement of capital within CEMAC is free.^[2]

On January 24, 2003, the European Union (EU) concluded a financial agreement with ECCAS and CEMAC, conditional on ECCAS and CEMAC merging into one organization, with ECCAS taking responsibility for the peace and security of the sub-region through its security pact COPAX.

CEMAC is not one of the pillars of the African Economic Community, but its members are associated with it through Economic Community of Central African States (ECCAS).

1 Comparison with other regional blocs
2 References
3 See also
4 External links

[edit] Comparison with other regional blocs

**Most active regional blocs**
Regional bloc ¹	Area (km²)	Population	GDP (PPP) ($US)		Member states ¹
Regional bloc ¹	Area (km²)	Population	in millions	per capita	Member states ¹
EU	4,325,675	496,198,605	12,025,415	24,235	27
SAARC	5,136,740	1,467,255,669	4,074,031	2,777	8
CSN	17,339,153	370,158,470	2,868,430	7,749	10
ASEAN	4,400,000	553,900,000	2,172,000	4,044	10
NAFTA	21,588,638	430,495,039	15,279,000	35,491	3
EurAsEC	20,789,100	208,067,618	1,689,137	8,118	6
ECOWAS	5,112,903	251,646,263	342,519	1,361	15
SACU	2,693,418	51,055,878	541,433	10,605	5
GCC	2,285,844	35,869,438	536,223	14,949	6
COMESA	3,779,427	118,950,321	141,962	1,193	5
Agadir	1,703,910	126,066,286	513,674	4,075	4
CEMAC	3,020,142	34,970,529	85,136	2,435	6
CARICOM	462,344	14,565,083	64,219	4,409	14+1 ³
EAC	1,763,777	97,865,428	104,239	1,065	3
CACM	422,614	37,816,598	159,536	4,219	5
PARTA	528,151	7,810,905	23,074	2,954	12+2 ³
EFTA	529,600	12,233,467	471,547	38,546	4
Reference blocs and countries ²	Area (km²)	Population	GDP (PPP) ($US)		Political divisions
Reference blocs and countries ²	Area (km²)	Population	in millions	per capita	Political divisions
UN	133,178,011	6,411,682,270	55,167,630	8,604	192
Germany	357,050	82,438,000	2,585,000	31,400	16
Japan	377,873	128,085,000	4,220,000	33,100	47
Canada	9,984,670	32,507,874	1,165,000	35,200	13
Indonesia	1,904,569	234,300,000	935,000	4,000	33
Brazil	8,514,877	187,560,000	1,616,000	8,600	27
Russia	17,075,200	143,782,338	1,723,000	12,100	89
India	3,287,590	1,102,600,000	4,042,000	3,700	35
China (PRC) ⁴	9,596,960	1,306,847,624	10,000,000	7,600	33
USA	9,631,418	300,000,000	12,980,000	43,500	50
¹ Including data only for full and most active members ² The first five states in the World by area, population and GDP (PPP) ³ Including non-sovereign autonomous entities of other states ⁴ Data for the People's Republic of China does not include Hong Kong, Macau and regions administered by the Republic of China (Taiwan). smallest value among the blocs compared largest value among the blocs compared During 2004. Source: CIA World Factbook 2005, IMF WEO Database This box: view • talk • edit