Article 2 — CEDEAO Traite-1975

Aims of the Community 1. It shall be the aim of the Community to promote co-operation and development in all fields of economic activity particularly in the fields of industry, transport, telecommunications, energy, agriculture, natural resources, commerce, monetary and financial questions and in social and cultural matters for the purpose of raising the standard of living of its peoples, of increasing and maintaining economic stability, of fostering closer relations among its members and of contributing to the progress and development of the African continent. 2. For the purposes set out in the preceding paragraph and as hereinafter provided for in this Treaty, the Community shall by stages ensure: (a) the elimination as between the Member States of customs duties and other charges of equivalent effect in respect of the importation and exportation of goods; (b) the abolition of quantitative and administrative restrictions on trade among the Member States; (c) the establishment of a common customs tariff and a common commercial policy towards third countries; 11 (d) the abolition as between the Member States of the obstacles to the free movement of persons, services and capital; (e) the harmonisation of the agricultural policies and the promotion of common projects in the Member States notably in the fields of marketing, research and agro-industrial enterprises; (f) the implementation of schemes for the joint development of transport, communication, energy and other infrastructural facilities as well as the evolution of a common policy in these fields; (g) the harmonisation of the economic and industrial policies of the Member States and the elimination of disparities in the level of development of Member States; (h) the harmonisation required for the proper functioning of the Community of the monetary policies of the Member States; (I) the establishment of a Fund for Co-operation, Compensation and Development; and (j) such other activities calculated to further the aims of the Community as the Member States may from time to time undertake in common.