Theory question 111
International Economic OrganisationsExplain any five objectives of the Economic Community of West African States (ECOWAS)
Show the model answer
Model answer
Any five: promote trade among member states by removing tariffs and quotas; free movement of persons, goods, services and capital; establish a common external tariff (customs union); harmonise agricultural, industrial and monetary policies; develop joint infrastructure such as roads and telecommunications; promote economic development and raise living standards; establish a single currency; promote peace and stability in the region; reduce dependence on outside countries.
Explanation
Each objective should be explained, not just listed.