Examples of Regional Economic Community in a sentence
The Southern African Development Community (SADC) is a Regional Economic Community comprising 16 Member States, namely; Angola, Botswana, Comoros, Democratic Republic of Congo, Eswatini, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Tanzania, Zambia, Zimbabwe.
It further emphasizes the need to “consolidate and build on achievements in services liberalization and regulatory harmonization at the Regional Economic Community (REC)”.
The Commission shall encourage each Regional Economic Community to establish a Regional Border Consultative Committee.
The absence of one Regional Economic Community (REC) covering these ten countries led the Heads of State and Government of the Region during their meeting on 28th January 2007, to authorize the creation of an Independent Coordination Mechanism (EASBRICOM) to serve as the new Secretariat for the EASF.
In this context, Ethiopia has embarked on the EPA negotiations with the EU within the Eastern and Southern Africa (ESA) Regional Economic Community.
During phase I, the CPA presupposed that ACP member countries will self-determine an appropriate configuration within which they will negotiate the EPAs. The EU displayed its preference for a Regional Economic Community (REC) under which to negotiate the new EPA.
The creation of the zone will champion the desire to transform its existing integration structures at regional and district levels into a single Regional Economic Community with specialized agencies.
Mayer and Thoenig (2016) nd that members of Regional Economic Community (RECs) have experienced an increase in bilateral trade of 213 percent after the signature the EAC, of 80 percent thanks to the COMESA and of 110 percent via the SADC.
Envisions IGAD as a premier Regional Economic Community (REC) for achieving peace and sustainable development in the region, where the people of the region live in peace and enjoy a safe environment.Development: ICPAC Strategic plan (2016)ICPAC is one of the specialized institutions of IGAD with a mandate to provide climate information and prediction services in the Greater Horn of Africa.
The IGAD Operational Plan (IOP) provides a coherent framework aimed at guiding IGAD’s priority initiatives in pursuit of its mandate and in moving forward as the premier Regional Economic Community (REC) for achieving peace and sustainable development in the region.