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This requires a rigorous application of community acts and policies. In addition, for States to become aware of the need to get more involved in this integration process, it is necessary to be able to measure this commitment and show them that they will benefit from the latter. It allows the implementation of community texts by member States to be monitored through a binary evaluation of the transposition and application of these texts.
Indeed, the monitoring of integration only based on results indicators is distorted by concomitant factors outside regional policies, such as volatility in primary commodity prices, interest rates, sociopolitical instability or terrorism.
These elements of analysis, which are complex and difficult to interpret at first reading, can be used to develop a synthetic index of the commitment of WAEMU States. The commitment index developed aims to measure the level of commitment of States to the application of community texts, which are limited to the commercial dimension of regional integration here. The calculation of the index involves processing and aggregating the information contained in the AR, which combines i a body of community texts requiring a commitment by States, with ii binary indicators on the application and transposition of texts.
The texts related to trade integration subject to evaluations in the AR are initially selected and grouped into thematic areas of trade integration to obtain the architecture below see Figure 1. The texts are subsequently classified so that a weighting based on the chronology of the text and its legal nature can be assigned to them.
These weightings from community texts are applied to the corresponding AR indicators. Finally, average weighted indicators are calculated for each thematic area, then at the aggregated level see Figure 1. Structure of the trade integration index and thematic areas.
What does the Catalan independence movement mean for African separatists? At this stage the integrating states set a common external tariff on goods from other countries—this is called a customs union. For these impacts to materialize, States need to undertake to support and implement community texts and projects. This should be decided according to your company's size, industry and aims. The Summit is one concrete measure of the latest round of institutional reforms of the AU, initiated by its previous chairperson President Kagame. Toggle navigation.
Figure 2. Commitment to trade integration index. Demonstrating the positive impacts of integration to member States, but also highlighting the bottlenecks at national level or identifying any problems of consistency between community policies and the national context, are prerequisites for encouraging them to get more involved. Comparing the commitment index to the main results indicators for trade integration see Figure 3 provides a response to a key question in the analysis of the dynamics of a regional economic community: Does the commitment of States to the trade integration process give tangible results?
Regional Integration is a process in which neighboring states enter into an agreement in order to upgrade cooperation through common institutions and rules. Regional integration is the process by which two or more nation-states agree to co-operate and work closely together to achieve peace, stability and.
Indeed, a higher level of regional integration is presumed to increase i the integration of member States into regional trade and ii the diversification of economies.