UDEAC definition

UDEAC means Union Douanière et Economique de l’Afrique Centrale, established under a Treaty dated December 8, 1964, as amended from time to time, and to which the Borrower is a member.

Examples of UDEAC in a sentence

• Cameroon joined in 1962, and in 1964, at Brazzaville, the five countries signed the Treaty establishing the Central African Customs and Economic Union (UDEAC).

• Except as otherwise provided in this Contract, the Contractor, its subcontractors and their respective employees, agents, consultants and other personnel shall be subject to the Tax Law and all regulations passed pursuant thereto, as well as UDEAC (Central African Economic and Monetary Union) and fiscal and customs laws of Equatorial Guinea.

• It was established on 18 October 1983 by Central African Customs and Economic Union (UDEAC) members and members of the Economic Community of the Great Lakes States (CEPGL) (Burundi, Rwanda and the then Zaire) as well as Sao Tome and Principe.

• UNCTAD cooperates with a number of other regional and subregional organizations, including: SIECA, ALADI, the Andean Group, MERCOSUR, COMESA, ECOWAS, UDEAC, ASEAN, SARC, and the Forum Secretariat.

• The reforms were implemented after the 1994 devaluation because UDEAC countries feared that trade liberalization without a devaluation would flood the region with imports and worsen the ongoing recession.

• The former Spanish colony of Equatorial Guinea joined UDEAC in 1984.

• UDEAC has already identified improved interconnecting regional roads as a major objective.

• Ic makes spegifig mencion chac any g1ause goncrary co che scipu1acions of che UDEAC Convencion is void (Arcig1e 29).

• For the “main unpaved” road network of the UDEAC region, the data could indicate a trend of further deterioration.

• Thus, UDEAC was restructured substantially to address the problems associated with excessive protection, low customs revenue, intra-regional distortions in production, and the low level of trade with the rest of the world.