european economic community

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european economic community

The European Economic Community was established to foster trade cooperation among European nations.

Definition
  1. Proper noun:
    • A historical international organization: The European Economic Community (EEC) was an organization of European countries created to promote economic integration, primarily by establishing a common market and reducing trade barriers among its member states. It was a major precursor to the modern European Union.
Usage Examples
  • Proper noun:
    • The European Economic Community was established by the Treaty of Rome in 1957.
    • France was a founding member of the European Economic Community.
    • The policies of the European Economic Community aimed to ensure the free movement of goods, people, and capital.
Advanced Usage
  • Historical reference: The term is used primarily in historical and political contexts to refer to the organization that existed from 1958 to 1993.
    • The European Economic Community evolved into the European Community (EC), which later became a pillar of the European Union.
Variants and Related Words
  • European Community (EC): The name adopted by the EEC in 1993 as part of the Maastricht Treaty.
  • Common Market: A popular informal name for the EEC, emphasizing its core economic function.
  • European Union (EU): The broader political and economic union that succeeded the European Communities.
Synonyms
  • EEC (Abbreviation)
  • Common Market (Informal)
Related Phrases
  • Member of the EEC: A country belonging to the European Economic Community.
    • In 1973, the United Kingdom became a member of the EEC.
european economic community

The European Economic Community was established to foster trade cooperation among European nations.

Noun
  1. an international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members
    • he tried to take Britain into the Europen Union