Thursday, November 15, 2018

European Economic Community

The European Economic Community was a regional organization aimed at achieving economic integration between its Member States. It was created by the Rome Treaty of 1957. After the establishment of the European Union  in 1993, the EEC was incorporated and renamed the European Community. In 2009, the EC institutions were included in the wider EU framework and the company no longer existed.

Members of the European Economic Community
The six countries that set up the European Economic Community and the other two Communities were known as the "inner six" - "outer seven" were the countries that created the European Free Trade Association. Six countries were France, West Germany, Italy and three Benelux countries: Belgium, the Netherlands and Luxembourg. The first expansion was in 1973, when Denmark, Ireland and the United Kingdom joined. Greece, Spain and Portugal joined the 1980s. The former East Germany became an integral part of the EEC after the reunification of Germany in 1990. Since the creation of the EU in 1993, it has expanded to include sixteen other countries by 2013.

The purpose of the European Economic Community
The main objective of the preamble to the EEC was "to preserve peace and freedom and build the foundations of an ever closer union among the peoples of Europe".


No comments:

Post a Comment