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(b)
harmonization of the programming of national trade fairs and similar events;
(c)
establishment of an intra-Community trade information network;
(d)
study of supply and demand patterns in Member States and dissemination of the
findings thereon within the Community;
(e)
promotion of the diversification of West African markets, and the marketing of
Community products;
(f)
promotion of better terms of trade for West African commodities and improvement of
access to international markets for Community products; and
(g)
participation, where appropriate, in international negotiations within the framework
of GATT and UNCTAD and other trade-related negotiating fora.
Article 51
Money, Finance and Payments
In order to promote monetary and financial integration, and facilitate intra-Community trade
in goods and services and the realization of the Community's objective of establishing a monetary
union, Member States undertake to:
(a)
study monetary and financial developments in the region;
(b)
harmonize their monetary, financial and payments policies;
(c)
facilitate the liberalization of intra-regional payments transactions and, as an interim
measure, ensure limited convertibility of currencies;
(d)
promote the role of commercial banks in intra-community trade financing;
(e)
improve the multilateral system for clearing of payments transactions between
Member States, and introduce a credit and guarantee fund mechanism;
(f)
take necessary measures to promote the activities of the West Africa Monetary
Agency in order to ensure convertibility of currencies and creation of a single
currency zone;
(g)
establish a Community Central Bank and a common currency zone.
Article 52
Committee of West African Central Banks
1.
There is hereby established a Committee of West African Central banks comprising the
Governors of Central Banks of Member States. This Committee shall, in accordance with the
provisions of this Treaty, prepare its own rules of procedure.