European Economic Community


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European Economic Community (EEC)

A group of Western European countries that have joined together to promote trade and economic and political cooperation. Essentially, the EEC represents an attempt to combine a group of countries into a single economic unit. Also called Common Market.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

European Economic Community

see EUROPEAN UNION.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
This order of the Minister of Finance established a series of features on the application of accounting regulations harmonized with Directive IV of the European Economic Community and the International Accounting Standards.
Despite this failure to achieve political union, these same six nations went on to create the European Economic Community in 1958, which later evolved into the European Union.
pressure postponed the European Economic Community's plans to set a specific timetable for stabilizing carbon dioxide emissions.
Just when companies were planning strategies for the upcoming European Economic Community, Eastern Europe becomes a factor.
(1)The treaty that established the European Economic Community (EEC), which is one of three European Communities established under three separate treaties, is generally known as the Treaty of Rome.
To cut the market for ivory -- in hopes of saving African elephants from an expected acceleration in slaughter by poachers between now and the threatened October trade ban--Japan, Hong Kong, the United States and the 12-nation European Economic Community have in recent weeks severely limited their ivory imports.
On the EU-Turkey accession talks, he affirmed that Turkey's membership would be "beneficial for both EU and Turkey" and have "a positive impact on Greece." Recalling that Russian President Vladimir Putin was the first to reach out to Turkey after the 2016 defeated coup, Avramopoulos said Turkish President Recep Tayyip Erdogan "didn't move away from EU." Turkey applied to join the European Economic Community, the predecessor of the EU, on April 14, 1987, and the accession talks officially started in 2005 but stopped two years later due to opposition from Cyprus, Germany and France.
Mrs Thatcher, however, believed a more cost effective solution lay in the European Economic Community's famous food stockpiles accumulated under the common agricultural policy (CAP) to maintain farm prices.
42 YEARS AGO (1976) Fishermen called on James Callaghan's government to secure a 50-mile fishing zone around the UK following a row with the European Economic Community.
The book looks at milestones of this period, from the beginnings of the European Economic Community (EEC), through negotiations for British and Danish EEC membership, the Free Trade Area, and the European Free Trade Association (EFTA).
I would like to remind him that 40 years ago the EU did not even exist it was then called the European Economic Community or EEC.

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