Treaty of Rome

(redirected from Treaty on the Functioning of the Union)

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 ?
Other arrangements governing qualified majority voting are set in the Treaty on the Functioning of the Union and the provisions which are transitional till 31 October 2014, as well as those applicable between 1 November 2014 and 31 March 2017, are set in the protocol (see other article).
The provisions on the European Central Bank and the Court of Auditors are relegated in the Treaty on the Functioning of the Union. Both retain their institutional status, although it is given less emphasis.
Article 3 of the new Treaty on the Functioning of the Union (TFEU) provides an answer: it clearly confers on the EU exclusive competence in five policy areas, including the customs union.
The Treaty on the Functioning of the Union devotes an exclusive and entirely new chapter to "provisions specific to member states whose currency is the euro".
This procedure only applied to the third part of the Treaty on the Functioning of the Union (internal affairs).
Now, on this matter, the new Treaty on the Functioning of the Union only brings small advances.
9), the Treaty on the functioning of the Union (point 195, but only on the other arrangements of qualified majority voting), protocol 10 on transitional measures, and declaration 4.
First, it amends the Treaty on European Union (ie the Treaty of Maastricht, today the Treaty of Nice), then the Treaty establishing the European Community (the founding Treaty of Rome), whose name is changed to the Treaty on the functioning of the Union'.
The bank recalls that the IGC is mandated to introduce the innovations resulting from the 2004 IGC concerning the ECB into the future Treaty on the Functioning of the Union (TFU)a- this concerns the current Treaty establishing the European Community (TEC).