Single European Act

(redirected from Single European Act, 1986)
Also found in: Legal.

Single European Act

Act intended to eliminate barriers on trade and capital flows between and among European countries.

Single European Act

An agreement among European Community members to gradually reduce tariffs and trade barriers with a goal of creating a Common Market in Europe. The Act aimed to unify trade and other laws among participating nations. It came into effect in 1987 and was replaced by the institutions of the European Union in 1993.
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