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European Community
(redirected from European Common Market)

   Also found in: Acronyms, Encyclopedia, Wikipedia 0.01 sec.

European Community

Collective term for the European Economic Community (EEC), the European Coal and Steel Community (ECSC), and the European Atomic Energy Community (Euratom). The EC is now a separate legal entity within the European Union (EU), which was established under the Maastricht Treaty (1992) and includes intergovernmental cooperation on security and judicial affairs.



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When the European Common Market was launched nearly 50 years ago, the peoples of Europe were told that it was principally a "free trade" pact.
That was the economic rationale for creating the European common market in the 1950s and for the ongoing effort to transform it into a true single market.
Ever since Turkey first applied for membership in the European Union, or the European Common Market as it was known back in the 1960s, Brussels has been consistent in its condemning of Ankara for a range of serious human rights abuses.
 
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