Commerce SSS3 First Term
The student should be able to:
1. Explain economic grouping.
2. State their objectives and achievements.
Meaning of Economic Grouping
Economic grouping may be defined as the coming together of different countries with a common economic interest and goals with a view to promoting economic cooperation and development among member States. It also protects and promotes the economic and business interest of members as well as stimulating the socio-economic cum cultural development and cooperation among members. In the West African sub-region, some of the economic groupings in existence include Economic Community of West African States, The Lake Chad Basin Commission, Niger Basin Commission West African Clearing House etc.
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