Trading Blocs Performance Final

African Union

Trading Bloc

Trade organizations that establish free-trade zones,or regions where a group of countries have agreed to reduce trade barriers among themselves.

Motto

"A United and Strong Africa."

Flag

How Many States /Nations are included?

The African Union (AU) is a union consisting of 54 African countries (52 states and 2 kingdoms). Includes every independent African country except Morocco.

Headquarters?

African Union Headquarters
P.O. Box 3243
Roosvelt Street
(Old Airport Area)
W21K19
Addis Ababa
Ethiopia

The Objectives of the AU

  • To achieve greater unity and solidarity between the African countries and the peoples of Africa;
  • To defend the sovereignty, territorial integrity and independence of its Member States;
  • To ac
  • To establish the necessary conditions which enable the continent to play its rightful role in the global economy and in international negotiations;
  • To promote sustainable development at the economic, social and cultural levels as well as the integration of African economies;
  • To promote co-operation in all fields of human activity to raise the living standards of African peoples;
  • To coordinate and harmonize the policies between the existing and future Regional Economic Communities for the gradual attainment of the objectives of the Union;
  • To advance the development of the continent by promoting research in all fields, in particular in science and technology;
  • To work with relevant international partners in the eradication of preventable diseases and the promotion of good health on the continent.
  • celerate the political and socio-economic integration of the continent;
  • To promote and defend African common positions on issues of interest to the continent and its peoples;
  • To encourage international cooperation, taking due account of the Charter of the United Nations and the Universal Declaration of Human Rights;
  • To promote peace, security, and stability on the continent;
  • To promote democratic principles and institutions, popular participation and good governance;
  • To promote and protect human and peoples' rights in accordance with the African Charter on Human and Peoples' Rights and other relevant human rights instruments;

Where is the trading bloc?

It's located in Africa

Recent GDP

The average GDP per capita is $2.883 thousands in 2013

Currency

Majority of the African union use CFA franc for their currency.

History of the Trading Bloc

The African Union was created in 2002. The African Union was formed after the dissolution of the Organization of African Unity (OAU). The OAU was formed in 1963 when many African leaders wanted to accelerate the process of European decolonization and gain independence for a number of new nations. It also wanted to promote peaceful solutions to conflicts, ensure sovereignty forever, and raise living standards. Years later, Libya's leader Muammar Gaddafi, a strong proponent of African unity, encouraged the revival and improvement of the organization. After several conventions, the African Union was formed in 2002.

Current event:

A Pan-African Trial, at last

One of Africa’s most bloodstained former leaders, Hissène Habré, is likely to be formally charged in the next few days by a special African court with having committed a string of atrocities when he was president of Chad from 1982-1990. The judges of the so-called Extraordinary African Chambers, set up in 2012 in Senegal, will decide what charges he must face. Mr Habré, now aged 72, has been living in Senegal since fleeing from Chad at the end of his reign. He is alleged to have committed crimes against humanity, war crimes and torture. Around 40,000 people are reckoned to have been killed and many more tortured during his rule, according to Chad’s truth commission. His trial is likely to start in May or June. It has been a labyrinthine process. “The case has bounced around for the past 15 years,” says Reed Brody of Human Rights Watch, a New York-based monitoring group, which has been working with victims of Mr Habré to bring him to justice. They filed a case against him in 2000, whereupon he was indicted by a Senegalese court and arrested. But Mr Habré had powerful friends in Senegal. Its government interminably dragged its feet. But in 2012 Belgium, where the victims had sought justice But in 2012 Belgium, where the victims had sought justice invoking an unusual law that enables it to prosecute anyone for human-rights abuses wherever committed, won a case against Senegal at the International Court of Justice, the UN’s main judicial organ for adjudicating disputes between states. The court ordered Senegal to prosecute Mr Habré or extradite him. A new Senegalese president, Macky Sall, gave the case a fresh lease of life, with the eager backing of Aminata Touré, an anti-corruption campaigner who served as his prime minister until last summer. With the endorsement of the African Union (AU), they oversaw the innovative creation of the Extraordinary African Chambers. By contrast, the AU has been increasingly hostile to the International Criminal Court in The Hague, which has sought to bring human-rights abusers to book since its creation in 2002, on the ground that it has unfairly targeted Africans; all its indictees have so far been African. Mr Habré could not, in any case, be be tried before it, since his alleged crimes were committed before the ICC was set up.

Is his trial likely to herald a new trend, with African leaders brought before pan-African courts? Do not bet on it. Last year the AU said it would promote its own continental human-rights court—but incumbent leaders and their senior officials, it added, must be exempt. The court in Senegal may well be a one-off, but it sets the right sort of precedent for the continent’s abusive presidents.

- Feb 14th 2015

Synthesis

I feel like trading blocs has a negative impact on the economy. First off the benefits of free trade between countries in different blocs is lost. The reason why it's lost because they are trading among themselves instead of branching out to other countries. Another negative impact with trading blocs is the increase trade among participating countries, the countries become increasingly dependent on each other. A disruption of trade within a trading bloc as a result of a natural disaster, conflict or revolution may have severe consequences for the economies of all participating countries.This could also divert the world from multilateral negotiations and lead to the development of rival trading blocs.