West Africa Economic Community
West Africa Economic Community : CEAO (French: Communaute Economique de l'Afrique de l'Ouest), created in 1974, includes: Benin, Burkina Faso, Cote d'Ivoire, Mali, Mauritania, Niger, and Senegal. (Togo has observer status). The CEAO operates as a free trade area for agricultural products and raw materials and as a preferential trading area for approved industrial products, with a regional cooperation tax (TCR) replacing import duties and encouraging trade among members. A Community fund (FOSIDEC) promotes private lender Community participation in advancement of the Community's least developed nations (Burkina Faso, Mali, Mauritania, and Niger). CEAO envisions eventual creation of a customs union and coordination of fiscal policies. Community headquarters are in Ouagadougou, Burkina Faso
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