ECOWAS cracks as Mali, Burkina Faso, Niger exit bloc
Three West African countries under the leadership of military juntas have exited the Economic Community of West African States. Mali, Burkina Faso and Niger allege that the regional blocs’ decisions are being influenced by foreign powers. Jonathan Aremu, a Professor of International Economic Relations at Covenant University and a Consultant for ECOWAS on the Common Investment Market, joins CNBC Africa for this discussion.
Mon, 29 Jan 2024 12:04:17 GMT
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AI Generated Summary
- Potential Disruption of Trade and Integration
- Geopolitical Shifts and Diplomatic Efforts
- Calls for Dialogue and Diplomacy
The Economic Community of West African States (ECOWAS) is currently facing significant challenges as three West African countries, Mali, Burkina Faso, and Niger, have decided to exit the regional bloc. These countries, all under the leadership of military juntas, have alleged that the decisions made by ECOWAS are being heavily influenced by foreign powers. The departure of these nations raises concerns about the future of economic integration and regional cooperation in West Africa.
Jonathan Aremu, a Professor of International Economic Relations at Covenant University and a Consultant for ECOWAS on the Common Investment Market, shared his insights on this development in a recent interview with CNBC Africa. Aremu highlighted the potential negative consequences of the disintegration of ECOWAS, emphasizing the importance of maintaining economic cooperation and integration in the region.
Key Points:
1. Potential Disruption of Trade and Integration:
Aremu pointed out that since its establishment in 1975, ECOWAS has made significant progress in promoting economic integration and trade among member states. With the recent exit of Mali, Burkina Faso, and Niger, there is a risk of disrupting the customs union and free trade agreements that have been in place. This move could have far-reaching consequences for businesses and individuals engaged in cross-border trade and services.
2. Geopolitical Shifts and Diplomatic Efforts:
The departure of the three countries led by military juntas raises concerns about the geopolitical landscape in West Africa. The potential influence of external powers on ECOWAS decisions and the shift in alliances among member states could impact regional stability and cooperation. Aremu emphasized the need for diplomatic solutions to prevent further disintegration within the bloc and maintain harmony among member states.
3. Calls for Dialogue and Diplomacy:
Aremu underscored the importance of engaging in dialogue and diplomacy to address the concerns raised by the exiting countries. He urged ECOWAS to prioritize negotiations and proactive measures to de-escalate tensions and prevent further fragmentation of the regional bloc. Aremu cautioned against the use of force and emphasized the need for peaceful resolutions to maintain regional prosperity and cooperation.
Quote:
Reflecting on the current situation within ECOWAS, Aremu stated, "Force should not be used at this stage at all. It's not relevant. It is important to de-escalate these current tensions before they degenerate any further." He called for a reevaluation of the bloc's approach to handling member states' grievances and emphasized the significance of listening to the concerns of all parties involved.
As discussions unfold within ECOWAS and preparations are made for a potential emergency summit to address the recent developments, the future of the regional bloc hangs in the balance. The coming days will be crucial in determining the path forward for ECOWAS and its member states in West Africa.