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Common Market

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Common Market

Popular name for the European Economic Community; see European Union.

common market

Organization of autonomous countries formed to promote trade; see customs union.



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Leaders of the five-member East African Community gathered at the bloc's headquarters Friday to sign a common market treaty to allow free trade, movement and right of residence in the region.
Much of his discussion centers around Mercosur, The Common Market of the South, particularly its origin and development, nature and dynamics, and potential.
Aiming to boost intra-continental trade, three of Africa's leading regional trade blocs - the East African Community (EAC), the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC) - have simplified the rules of origin to be applied by member states.
 
 
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