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 ?
A common market in the ASEAN region would also serve as a confidence-building exercise to prepare market players in the 10 member countries for an East Asia free trade area.
The Mid-South Common Market has created many diverse programs for its members.
are faster than other member states with regards to benefiting from implementation of the Gulf Common Market (GCM) project.
Millions of ordinary people have suffered enough under inflation without having to bear the brunt of Common Market subjection.
Al-Ebrahim told Bahrain News Agency (BNA) that the creation of the Gulf Energy Exchange Common Market is considered a strategic choice for the GCC countries, pointing out that the new challenge for the Authority was ushering into the phase of activation of energy trade and the creation of the common electric power market which will provide GCC-member countries with optimal choices of harnessing various energy sources.
Speaking on the sidelines of the seminar of Islamic Corporation for the Insurance of Investment and Export Credit in Amman, Jordan, Nematzadeh said that the establishment of such common markets, despite the oppositions and difficulties, would boost trade among Islamic countries, Fars news agency reported on Wednesday.
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.
A Common Market of the type proposed between the USA and the EU is all our parents and grandparents were asked to sign up to back in 1975.
A decade later most of those ships and jobs were lost to the Common Market and Common Agricultural Policy.
If Mr Murray casts his mind back to the debate and vote which as he says approved joining the Common Market I don't recall anything being said about standing guarantor for 28 or is it 29 other countries, some of which, if my geography teacher was right all those years ago, are in north Africa not Europe.
Participants agreed on preparing a preliminary study highlighting different projects to support the common market, in addition to creating a media plan and holding workshops to increase awareness among the public and the government, private and education sectors on its benefits and importance.
We can't ignore the UAE's role in the monetary union." He was speaking on the sidelines of a conference entitled Gulf Common Market: from Cooperation to Integration, hosted by the UAE Ministry of Finance under the patronage of Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance.

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