Treaty of Rome

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Treaty of Rome

A 1957 agreement establishing the European Economic Community. Under the Treaty, the EEC shared a parliament and Court of Justice with the European Coal and Steel Community. These organizations eventually merged and formed the basis for what became the European Union.
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Treaty of Rome

an agreement signed in 1958 by the six founding countries of the European Economic Community that established the objectives and principles of the modern EUROPEAN UNION. The Treaty provided for the removal of trade restrictions between member countries, free labour and capital mobility, harmonization of tax policies and assistance to poorer regions.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Article 307 of the Consolidated European Community Treaty states, "To the extent that such agreements are not compatible with this Treaty, the member state or states concerned shall take all appropriate steps to eliminate the incompatibilities established.
In the meantime, the Praesidium, at its May 21, 22 and 23 session, should adopt a first complete version of the text including: a fairly concise preamble; a first constitutional part running to some fifty articles; a second part incorporating the Charter of Fundamental Rights; a third part containing about 250 articles on policies (from the Common Agricultural Policy to justice), corresponding to the articles of the Treaty on European Union and the European Community Treaty; a fourth part on final provisions (entry into force, ratification, official languages, etc).
Finally, the procedures outlined in Article 45, which provides for the suspension of EU membership rights in case of serious violation of its values, takes up those currently outlined in Article 7 of the European Union Treaty and in Article 309 of the European Community Treaty.
With the inclusion of Article 13 into the European Community Treaty, member states have a full set of policies against which they can compare domestic laws and make informed judgments.
He also recalled that the European Council is established as an Institution in Article 4 of the EU Treaty, even though it is not included in the institutional chapter of the European Community Treaty, which notably sets the half-yearly rotation of Presidencies.

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