UEMOAUnion Economique et Monétaire Ouest Africaine (West African Economic and Monetary Union; replaced UMOA in 1994)
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This slows down the flow of goods and makes it difficult to do business, whilst on the other the end, if for instance I built a factory in Mali, any goods that are made should have the ability to be sold into any of the other seven countries in UEMOA without having to clear any customs.
1) Prepare an inventory of the copyright situation in UEMOA countries and collect as much as possible
Dubai fully recognises the huge opportunities in Africa and the UEMOA region and looks forward to a great partnership with the region," said Al Hashemi.
The one-day inaugural West Africa Investment Forum was co-organised in Dubai by the UEMOA, the West African Development Bank and international corporate finance and advisory firm Global Finance & Capital Limited, in order to highlight infrastructure investment opportunities in West Africa and bring together key stakeholders for the formal announcement of a series of large-scale infrastructure developments in West African countries.
In attendance will be the Heads of State of Benin, Burkina Faso, Cote d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo, as well as the Presidents of UEMOA (the West African Economic & Monetary Union) and BOAD (the West African Development Bank).
In addition, the regional institutions (ECOWAS and UEMOA Commissions, as well as EBID, WAMA and WAMI), in collaboration with Member States have intensified their efforts to ensure macroecnomic stability and effective harmonization of economic and financial policies.
The UEMOA comprises Benin, Burkina Fasso, GuineaBissau, Ivory Coast, Mali, Niger, Senegal, and Togo.
Senegalese tax laws were also reviewed to identify potential barriers to the development of Islamic finance in Senegal and the UEMOA region.
Senegal and members of the West African Economic and Monetary Union (also known as the UEMOA region) have completed a review of the region's financial regulations, aiming to launch Islamic financial services later this year.
The UEMOA provides a uniform financial system across eight countries; the structure of this system has changed little in the last 15 years.
130) UEMOA member countries use a common currency, the West African Communaute Financiere de l'Afrique (CFA) franc.
Outside of the EU, it has established links with other important regional bodies (ALENA, ASEAN, Mercosur, UEMOA, SADC), the UNDP and the OECD, the Unesco chair dedicated to regional integration, the forum of federations established in Canada and the United Nations laboratory specialised in the impact of globalisation (Comparative Regional Integrations Studies or CRIS) based in Bruges, Belgium.