Match each African regional economic grouping listed in Column A with its defining economic characteristic or objective in Column B.
- CEMAC (Economic and Monetary Community of Central Africa)Monetary union utilizing a shared Central African CFA franc among member states including Cameroon, Gabon, and Chad.
- COMESA (Common Market for Eastern and Southern Africa)Large trade bloc established to replace the Preferential Trade Area (PTA), facilitating free trade across Eastern, Southern, and Horn of Africa states.
- SACU (Southern African Customs Union)The oldest operating customs union in the world, establishing a common external tariff among five contiguous Southern African nations.
- AMU (Arab Maghreb Union)Sub-regional organization created to foster trade, political integration, and economic cooperation among North African nations.
Answer
CEMAC matches with the shared Central African CFA franc monetary union; COMESA matches with the trade bloc succeeding the Preferential Trade Area; SACU matches with the world's oldest operating customs union; AMU matches with the North African sub-regional organization.
Each economic community is correctly matched to its specific historical origin, geographic zone, or economic structure: CEMAC is a Central African monetary union sharing the CFA franc; COMESA evolved directly from the PTA; SACU is the world's oldest customs union (founded 1910); and AMU unites North African Maghreb states.
Step-by-Step Solution
Key Concept
Structural characteristics, scope, and objectives of African Regional Economic Communities (RECs)