Common Market


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Common Market:

see European Economic CommunityEuropean Economic Community
(EEC), organization established (1958) by a treaty signed in 1957 by Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany (now Germany); it was known informally as the Common Market.
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Common Market

association of western European countries designed to facilitate free trade among members. [Eur. Hist.: EB, III: 1001]

Common Market

the. an informal name for the European Economic Community (now the European Community, part of the wider European Union) and its politics of greater economic cooperation between member states
References in periodicals archive ?
As such, however, the agreement reached on 30 June between both groups affirmed their commitment to peaceful coexistence, payment of compensation for past cases of criminality and measures to end insecurity surrounding the common market by establishing a joint traditional court.
The British error is to assume that one goal, a common market for Europe, can be had without the other, greater political integration, over the long term.
In 2013 as the Common Market continued to evolve, Crown Paints announced a 46 percent increase in pre-tax profits which it said was "buoyed by improved cash flow from operations, product innovations and expansion into the East African region.
Nematzadeh proposed establishment of common markets for Islamic countries and pointed out that improved technological capabilities could be a necessity for facilitation of the trade.
Speaking on the sidelines of the seminar of Islamic Corporation for the Insurance of Investment and Export Credit in Amman, Jordan on Tuesday, Nematzadeh said that the establishment of such common markets, despite the oppositions and difficulties, would boost trade among Islamic countries.
BEIRUT: A trade agreement between Lebanon and Mercosur, also known as the common market of South America, is to be signed next month in Argentina, Ambassador Ricardo Larriera said Monday.
On the other hand, GCC co-operation has reached a stage that requires radical decisions on the common market.
The Islamic Republic has been publicly pushing the common market idea for decades.
The GCC common market clearly seeks to emulate the success of the EU common market," said Megeed.
She said that the delegation was briefed on the support of the Common Market for Eastern and Southern Africa (COMESA) for the elections in the member states of the organization.
The East African common market protocol came into force on July 01, 2010, with the aim to enable people in the trading bloc freely move and carry-out businesses without fear or favour.
When the last referendum was held in 1975, the issue was access and jobs in a common market, with pro and anti-marketeers emerging from all mainstream parties.

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