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 ?
Akbar Torkan, the secretary of Iran's Free Trade Zones Coordination Council, urged Muslim states Saturday to help establish an Islamic common market.
In a common market with free labor mobility, workers must move to the most dynamic areas; economic activity seldom moves to where available workers live.