Article 26
Industry
1. For the purpose of promoting industrial development of Member States and integrating their economies, Member States shall, harmonize their industrialization policies.
2. In this connection, Member States shall:
(a) strengthen the industrial base of the Community, modernise the priority sectors and foster self-sustained and self-reliant development;
(b) promote joint industrial development projects as well as the creation of multinational enterprises in priority industrial sub-sectors likely to contribute to the development of agriculture, transport and communications, natural resources and energy.
3. In order to create a solid basic for industrialization and promote collective self reliance, Member States shall:
(a) ensure, on the one hand, the development of industries essential for collective self- reliance and, on the other, the modernization of priority sectors of the economy especially:
(i) food and agro-based industries;
(ii) building and construction industries;
(iii) metallurgical industries;
(iv) mechanical industries;
(v) electrical, electronics and computer industries;
(vi) pharmaceutical, chemical and petrochemical industries;.
(vii) forestry industries;
(viii) energy industries;
(ix) textile and leather industries;
(x) transport and communications industries;
(xi) bio-technology industries;
(xii) tourist and cultural industries.
(b) give priority and encouragement to the establishment and strengthening of private and public multinational industrial projects likely to promote integration;
(c) ensure the promotion of medium and small-scale industries;
(d) promote intermediate industries that have strong linkages to the economy in order to increase the local component of industrial output within the Community;
(e) prepare a regional master plan for the establishment of industries particularly those whose construction cost and volume of production exceed national, financial and absorptive capacities;
(f) encourage the establishment of specialised institutions for the financing of West African multinational industrial projects;
(g) facilitate the establishment of West African multinational enterprises and encourage the participation of West African entrepreneurs in the regional industrialization process;
(h) promote the sale and consumption of strategic industrial products manufactured in Member States;
(i) promote technical cooperation and the exchange of experience in the field of industrial technology and implement technical training programmes among Member States;
(j) establish a regional data and statistical information base to support industrial development at the regional and continental levels;
(k) promote, on the basis of natural resource endowments, industrial specialization in order to enhance complementarity and expand the intra-Community trade base; and
(l) adopt common standards and appropriate quality control systems.
| # | Application | Registered | Decisions | Status | Implementation | Action |
|---|