The Western mindset of Africa is likely
filled with visions of poverty, primitive resources, and political
unrest. Indeed, much of what we see in the news on Africa tends to
perpetuate these general opinions, though it is unfair to place all
African countries in the same category. While not the wealthiest
region in the world in terms of GDP and trade, certain blocs of
Africa have worked to improve trade relations with their neighbors
and promote growing industries in energy, telecommunications, and
commerce. The countries of West Africa, through nearly forty years of
alliance, are such an example of progress within the continent.
The Economic Community of West African
States, or ECOWAS, has beginnings in the Treaty of Lagos, ratified in
1975 for the purpose of promoting economic development in West
Africa. In addition to maintaining strong trade relations between
member nations, ECOWAS assists in matters involving civil
peacekeeping. Policies are put forth by the ECOWAS Secretariat and
the ECOWAS Bank for Investment and Development, or EBID, which
recently appointed Bashir M. Ifo their newest president. Over the
last decade, EBID has entered into loan agreements with various
companies and international banks in order to improve industry in
West Africa. A significant agreement finalized in 2010, for one, has
allowed for the financing of a pharmaceutical factory in the region
and consequent production and research of resources designed to
improve health conditions in the area.
ECOWAS MEMBER NATIONS
The lineup has changed little over the
last thirty-seven years. Of the fifteen nations currently in ECOWAS,
the members include:
Benin - A largely agricultural
country, Benin produces one major crop (cotton) that accounts for
the majority of their export trade. Primary trade partners include
China, India, and Niger.
Burkina Faso - This nation
represents one of the lowest gross domestic product percentages in
Africa, if not the world. Like other countries in the region,
Burkina Faso is agricultural - growing corn and sorghum among
other crops - but also employs natives for copper and iron mining.
Cape Verde - The only islandic
member nation of ECOWAS imports nearly all of its food, except for
seafood. Once a colony of Portugal, Cape Verde maintains strong
trade ties to the country as well as Spain.
Ivory Coast - As one of the top
exporting African nations, Côte d'Ivoire is a
top exporter of cocoa and coffee, bananas and pineapples, and other
agricultural goods.
Gambia -
Gambia is known for their peanut production and fishing industries,
and is also one of the more popular tourist destinations in West
Africa.
Ghana -
Ghana is one of the continents more developed nations, with a
healthy GDP that keeps the country economically above water. Gold
and cocoa are among two of their more popular exports, traded to the
Netherlands, the United States, and the Ukraine.
Guinea -
Guinea maintains active mining and agricultural industries, with
major exports like gold and minerals, and coffee traded to South
Korea, Russia, and Spain.
Guinea-Bissau
- One of the least developed nations in Africa, Guinea-Bissau
averages around $50 million in export goods. They are known for
ground nut crops and export more than half of their goods to India.
Liberia -
Historically known as a nation founded by freed slaves, Liberia
boasts a timber industry that partly contributes to their annual
average export totals of $2 billion.
Mali - One
of Africa's underdeveloped nations, Mali relies heavily on foreign
aid but does manage to export cotton and gold to their main trade
partners in Asia.
Niger -
Niger is known for export of raw minerals - in particular uranium
- to foreign markets. Japan receives the majority of their
output.
Nigeria -
One of the Next Eleven economies, Nigeria's growth is evident in
rising exports to the United States and Europe - petroleum, cocoa
and rubber among other products.
Senegal -
Like many neighboring countries in ECOWAS, Senegal maintains
agricultural and seafood industries that produce ground nuts and
fish to trade partners.
Sierra Leone
- Mining is one of the more profitable industries in this
underdeveloped nation.
Togo -
Togo is unique within ECOWAS in that it serves as a commerce hub for
neighboring nations. Goods that come into Togo are often re-exported
throughout West Africa, though the country also produces coffee and
cocoa to trade.
Of the above, Guinea,
Guinea-Bissau, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo
are founding members of UEMOA (West African Economic and Monetary
Union), a pro-trade agreement signed to complement ECOWAS.
Future projects for ECOWAS include a
better streamlined method for trade relations within the borders of
member nations - improved transport by rail and a common currency
dubbed Eco are among the proposals the ECOWAS nations hope to see in
the next decade. With recent loan agreements in place through
relations with India and companies like DO PHARMA, one can see the
potential in raising the overall GDP for the region once such
improvements are in place.