European Coal and Steel Community


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Related to European Coal and Steel Community: European Union, European Economic Community, EEC

European Coal and Steel Community (ECSC)

a regional alliance established in 1951 to promote free trade in coal and steel. Its founding members were (West) Germany France, Italy, Belgium and Luxembourg, five of the six countries that later went on to build on the spirit of cooperation kindled by the ECSC to establish the broader based EUROPEAN UNION. One of the main roles of the ECSC is the regulation of the industry's capacity to ensure that long-run supply is kept in line with demand potential and that individual suppliers, including nationalized concerns, are prevented from dominating the market.
References in periodicals archive ?
Nakayama explained that such a multilateral project should be developed similarly to how six European states agreed to jointly control coal and steel in 1952 by the creation of the European Coal and Steel Community.
The foundation for what we now know as the EU was laid in 1952 when the treaty creating the European Coal and Steel Community (ECSC) took effect.
Proposals which also involve organisations from the candidate countries can be considered although such organisations cannot receive direct funding from the European Coal and Steel Community.
The ECJ considered that the Commission was right to base its decisions on the treaty setting up the European Coal and Steel Community (ECSC), which established a particular competition system for the steel sector and which expired on 23 July 2002.
The road toward this destination has actually been traveled for more than 50 years--from the 1952 formation of the European Coal and Steel Community (six nations), to the 1958 Common Market (six nations), to the 1986 expansion of the European Economic Community (12 nations), to the 1992 European Community (15 nations), to the current European Union (25 nations).
The European Commission recently approved the financial reports from the European Coal and Steel Community (ECSC) for 1999.
Before that date, some 460 meetings of the Council of the European Coal and Steel Community (ECSC) and the Councils of the European Economic Community (EEC) and the European Atomic Energy Community (EAEC) had already been held.
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