Regional group created by the Treaty of Rome (1957) with the primary aims of free movement of goods, services, capital and people between member countries. Initial membership of six (France, Germany, Italy, Belgium, Netherlands, Luxembourg) was extended by the accession of the UK, Ireland and Denmark in 1973, Greece in 1981, Portugal and Spain in 1986. In 1987 amendments to the Treaty of Rome came into effect in the Single European Act aimed to complete the Single European Market by the end of 1992. The Maastricht Treaty (1991) covers political and monetary union and adds new areas of formalized cooperation. It also changed the EEC formally to EC (European Community).
Thursday, April 14, 2011
European Economic Community (EEC)
Regional group created by the Treaty of Rome (1957) with the primary aims of free movement of goods, services, capital and people between member countries. Initial membership of six (France, Germany, Italy, Belgium, Netherlands, Luxembourg) was extended by the accession of the UK, Ireland and Denmark in 1973, Greece in 1981, Portugal and Spain in 1986. In 1987 amendments to the Treaty of Rome came into effect in the Single European Act aimed to complete the Single European Market by the end of 1992. The Maastricht Treaty (1991) covers political and monetary union and adds new areas of formalized cooperation. It also changed the EEC formally to EC (European Community).
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