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In 1997, OAU members established the African Economic Community (AEC), envisioned as an African common market; the AEC signed an agreement with regional African economic groupings that was intended to lead to harmonization of policies of those common markets. A more radical expansion and transformation of the OAU was adopted at Lomé, Togo, in 2000, in the form of the Constitutive Act of the African Union , which replaced the OAU in 2002.
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