Regional Economic Community definition

Regional Economic Community. : means a regional economic community recognised as such by the African Union.
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Regional Economic Community or RECs shall mean any African regional economic community established, inter alia, to co-ordinate energy development on a regional or sub-regional basis and in compliance with the Treaty's definition.
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Regional Economic Community means a corporate legal entity established by its Treaty as defined in Article l(d) of the Treaty and whose objective is to promote economic integration was a step towards the establishment of the Community;
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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.

Related to Regional Economic Community

  • Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;

  • exclusive economic zone ’ means the zone established by Presidential Proclamation Numbered 5030, dated March 10, 1983, including the ocean waters of the areas referred to as ‘‘eastern special areas’’ in Article 3(1) of the Agreement between the United States of America and the Union of Soviet Socialist Re- publics on the Maritime Boundary, signed June 1, 1990;

  • University Community means all students and employees of the University, persons officially associated with the University, former students and alumni at the University, as well as invitees, visitors and guests.

  • Councillor means a member of a municipal council;

  • Specially Designated Nationals and Blocked Persons list maintained by the Office of Foreign Assets Control of the United States Department of the Treasury found at: xxxxx://xxx.xxxxxxxx.xxx/ofac/downloads/sdnlist.pdf;