European Economic Community
The European Economic Community (EEC) was an organization established by the Treaty of Rome (25 March 1957) between the ECSC countries Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany, known informally as the Common Market (the Six). The EEC was the most significant of the three treaty organizations that were consolidated in 1967 to form the European Community (EC; known since the ratification 1993 of the Maastricht treaty as the European Union, EU). The EEC had as its aim the eventual economic union of its member nations, ultimately leading to political union. It worked for the free movement of goods, service, labour and capital, the abolition of trusts and cartels, and the development of joint and reciprocal policies on labour, social welfare, agriculture, transport, and foreign trade.
In 1956, the United Kingdom proposed that the #Common Market # be incorporated into a wide European free-trade area. After the proposal was vetoed by President Charles de Gaulle and France in November 1958, the UK together with Sweden engineered the formation (1960) of the European Free Trade Association (EFTA) and was joined by other European nations that did not belong to the Common Market (the Seven). Beginning in 1973, with British, Irish, and Danish accession to the EEC, the EFTA and the EEC negotiated a series of agreements that would ensure uniformity between the two organisations in many areas of economic policy, and by 1995, all but four EFTA members had joined the European Union.
One of the first important accomplishments of the EEC was the establishment (1962) of common price levels for agricultural products. In 1968, internal tariffs (tariffs on trade between member nations) were removed on certain products.
[edit] The future of the European Communities
The signed but unratified European Constitution would merge the European Community with the other two pillars of the European Union, making the European Union the legal successor of both the European Community and the present-day European Union. It was for a time proposed that the European Constitution should repeal the Euratom treaty, in order to terminate the legal personality of Euratom at the same time as that of the European Community, but this was not included in the final version.
:-)
2007-02-15 07:56:45
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answer #1
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answered by HJW 7
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OK, you sitting comfortably ?? a 'common market is an agreemnt between Eurpean Countries,, that means we trade
evenly... i. e. France, Germany, and all the Allies.. however.
just recently we have a problem with the 'bird' situation, (to my mind ,this is c**p we should al be aware !! or we gonna have another Pudding Lane!!!!!!!!!!!!!
2007-02-11 16:41:08
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answer #3
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answered by landgirl60 4
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Economic union,seperate countries.
2007-02-11 22:47:04
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answer #5
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answered by sickmates 1
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