Common Market

E41752

The Common Market, formally known as the European Economic Community, was a regional organization that aimed to integrate the economies of its European member states through a common market and customs union, laying the groundwork for today’s European Union.

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All labels observed (1)

Label Occurrences
Common Market canonical 2

Statements (51)

Predicate Object
instanceOf economic integration organization
predecessor of the European Union
regional organization
supranational organization
aimedTo create a common market among member states
ensure free movement of capital
ensure free movement of goods
ensure free movement of services
ensure free movement of workers
establish a customs union
promote economic integration in Europe
alsoKnownAs Common Market
cameIntoForce 1958-01-01
dissolvedOrTransformed 1993-11-01
foundedByTreaty Treaty of Rome
foundingDate 1957-03-25
foundingMembers Belgium
France
Germany
Italy
Luxembourg
Netherlands
hasOfficialLanguage Dutch
French
German
Italian
other official EU languages over time
headquartersLocation Brussels, Belgium
surface form: Brussels
influenced European integration process
development of the European single market
legalBasis Treaty of Rome
surface form: Treaty establishing the European Economic Community
locatedIn Europe
memberState Austria
Denmark
Finland
Greece
Ireland
Portugal
Spain
Sweden
United Kingdom
officialName European Economic Community
partOf European Economic Community
surface form: European Communities
policyArea common agricultural policy
common trade policy
competition policy
transport policy
shortName EEC
successor European Economic Community
surface form: European Community
transformedInto first pillar of the European Union
ultimateSuccessor European Union

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Common Market alsoKnownAs Common Market