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Common Market
(redirected from the Common Market)

   Also found in: Dictionary/thesaurus, Encyclopedia 0.01 sec.
Common market
An agreement between two or more countries that permits the free movement of capital and labor as well as goods and services.

Common Market
1. A market with the free movement of goods, services, labor, and capital between two or more places. For example, even though Texas and Oklahoma are different places with different governments and regulations, the two have a common market because workers do not need permission to move between them, and one may transfer money between them without incurring any tariffs or fees. See also: Free trade.

2. An informal term for the European Economic Community.

Common Market


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Let us go into the common market and confront the challenges," said Mwapachu, a Tanzanian.
The ICC prosecutor said he expects an appeal on adding the charges to be granted in a few weeks Al-Bashir speaking at the summit of the Common Market for Eastern and Southern Africa (COMESA) in the Zimbabwean resort town of Victoria Falls said that The Hague based court wants to "isolate Sudan from its regional surrounding to pave the way for breaking its unity:.
Under the deal, the 19 countries in the Common Market for Eastern and Southern Africa (COMESA) will impose the same tariffs on goods from outside the region.
 
 
 
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