A major problem facing the Economic Community of West African States (ECOWAS) as an economic integration , is the

Assessment: WAEC SSCE - Economics - 2003 (Objective) Subject: Economics

Question 1 Report

A major problem facing the Economic Community of West African States (ECOWAS) as an economic integration , is the
Answer Details
A major problem facing the Economic Community of West African States (ECOWAS) as an economic integration is the weak trade relations among member states. ECOWAS was created to promote economic cooperation among its member states by facilitating the free movement of people, goods, and services across borders. However, trade among ECOWAS member states has remained relatively low, and intra-regional trade barriers continue to exist, including tariffs and non-tariff barriers. This has made it difficult for member states to fully take advantage of the benefits of the integration, such as economies of scale, and has hindered the development of regional value chains. Therefore, the correct answer is "weak trade relations".

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