Treaty of Rome(redirected from European Community Treaty)
Also found in: Acronyms.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Treaty of Romean 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