African Economic Community

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African Economic Community
The African Economic Community (abbreviated AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. The member states are mounting efforts to collaborate economically, but are impeded by civil wars raging in parts of Africa. The stated goals of the organization include the creation of free trade areascustoms unions, a single market, a central bank, and a common currency thus establishing an economic and monetary union.
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| African Economic Community in Swedish