On July 22, 2012, representatives from Equatorial Guinea attended the 23rd Ordinary Session of the Council of Ministers of the Economic Union of Central Africa (UEAC) in Brazzaville, Republic of Congo, to discuss the reform of public markets, the ratification of the revised treaties and conventions signed several years ago; the Economic and Regional Programme (PER), and securing funding for the community.
The meeting was a preparatory meeting for the Central African Economic and Monetary Community (CEMAC), which President Obiang attended. The Ministers at the UEAC meeting developed a list of community projects that were later submitted to the heads of State for approval. The projects discussed included the Regional Economic Program and the improvement of governance.
Baltasar Engonga Ebjo, Minister of State for the Presidency in charge of Regional Integration, and Marcelino Owono Edu, Minister of Finance and Budgets, participated in the meeting as representatives from Equatorial Guinea.
The CEMAC is consisted of members from Equatorial Guinea, Cameroon, the Democratic Republic of Congo, Gabon, Chad and the Central African Republic. Together, the members strive to promote regional economic cooperation.