Economic Community of West African States
(redirected from West African Economic Community)Also found in: Encyclopedia.
Economic Community of West African States
Also called ECOWAS. An organization founded to promote economic integration among 15 countries in West Africa. Institutionally, it is modeled on the European Union, with a Commission, Parliament, and Court of Justice. ECOWAS controls a development bank and works to reduce barriers between member nations. It was founded in 1975.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved