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 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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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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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.

  • 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.

  • The Directorate also assists the executive management in coordinating implementation of the regional priorities at Member State level through the SADC National Committees (SNCs), and at continental and Regional Economic Community level, through AU/NEPAD initiatives, other Regional Economic Communities (RECs) and other stakeholders.

  • 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.

  • For RSOOs such as ACSAC/URSAC, ASSA-AC, CASSOA and iSASO, that are attached to or associated with a Regional Economic Community, approval is at the level of the Council of Ministers of the REC followed by endorsement by the Heads of State.

  • This Regional Economic Community (REC) was created more than four decades ago.

  • It is a Regional Economic Community (REC) in Eastern Africa and one of the eight building blocks of the African Economic Community of the African Union (AU).

  • 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, Tanzania, Zambia, Zimbabwe.

  • The East African Community (EAC) is a Regional Economic Community mandated by the Governments of the Republics of Burundi, Kenya, Rwanda, Uganda, the United Republic of Tanzania, and the Republic South Sudan to spearhead the East African Economic, Social and Political Integration.

  • In addition to trade-related integration programs, IGAD adopted a new out-ward oriented initiatives to integrate the economies of the region in a number of key economic fields pursuant to its role as a recognized Regional Economic Community (REC).

Related to Regional Economic Community

  • Special Economic Zone means each Special Economic Zone notified under the proviso to sub-section (4) of section 3 and sub-section (1) of section 4 (including Free Trade and Warehousing Zone) and includes an existing Special Economic Zone;

  • 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;

  • freezing of economic resources means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;

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

  • Indian-owned economic enterprise means any Indian-owned (as determined by the Secretary of the Interior) commercial, industrial, or business activity established or organized for the purpose of profit, provided that Indian ownership constitutes not less than 51 percent of the enterprise.

  • U.S. Economic Sanctions is defined in Section 5.16(a).

  • 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;

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • Michigan economic growth authority means the Michigan economic growth authority created in the Michigan economic growth authority act, 1995 PA 24, MCL 207.801 to 207.810.

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999 between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If it is determined that the Michigan economic development corporation is unable to perform its duties under this act, those duties shall be exercised by the Michigan strategic fund.

  • Urban Coordinating Council Empowerment Neighborhood means a neighborhood given priority access to State resources through the New Jersey Redevelopment Authority.

  • 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.

  • European Communities means the European Economic Community, the European Coal and Steel Community and the European Atomic Energy Community.

  • traditional communities means communities recognised in terms of section 3 of the Eastern Cape Traditional Leadership and Governance Act, 2005 (Act No. 4 of 2005).

  • Transient non-community water system or “transient non-CWS” means a non- CWS that does not regularly serve at least 25 of the same persons over six months of the year.

  • U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • Non-community water system means a public water system that is not a community water system.

  • Councillor means a member of a municipal council;

  • Provincial Council means a council established for a non-metropolitan province in terms of section 269 of the Constitution;

  • 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;

  • economic resources means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;

  • European Community means the territory comprised by the Member States of the European Community as constituted from time to time;

  • Treaty on European Union means the Treaty of Rome of March 25, 1957, as amended by the Single Xxxxxxxx Xxx 0000 and the Maastricht Treaty (which was signed at Maastricht on February 7, 1992, and came into force on November 1, 1993), as amended from time to time.

  • Member of the University Community means any person who is a volunteer including high school students, an enrolled student, faculty or staff member, University official, any other person employed by the University or campus visitors.

  • Greatest economic need means the need resulting from an annual income level at or below the official poverty guideline as defined in IAPI issued by the department.