EEC TREATY Meaning and
Definition
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The European Economic Community (EEC) Treaty, also known as the Treaty of Rome, is an international agreement that established the basis for the European Economic Community. It was signed on March 25, 1957, by six founding members - Belgium, France, Germany, Italy, Luxembourg, and the Netherlands.
The EEC Treaty aimed to create a common market among its member states by removing trade barriers, such as tariffs and quotas, and facilitating the free movement of goods, services, capital, and labor. It sought to promote economic integration and cooperation among European countries, ultimately leading to the establishment of a single European market.
The treaty established several fundamental principles and institutions to achieve its objectives. These include the principle of the four freedoms - the free movement of goods, services, capital, and people, as well as the creation of a common customs union and a common agricultural policy. It also established the European Commission as the executive body responsible for implementing and enforcing the treaty's provisions.
The EEC Treaty played a significant role in shaping the European Union (EU) as we know it today. It served as a foundation for further European integration and was later supplemented by additional treaties, such as the Single European Act and the Treaty of Maastricht. The treaty paved the way for the creation of the EU's single market, the adoption of a common currency (euro), and the establishment of various EU policies and institutions that contribute to European economic and political cooperation.
Common Misspellings for EEC TREATY
- wec treaty
- sec treaty
- dec treaty
- rec treaty
- 4ec treaty
- 3ec treaty
- ewc treaty
- edc treaty
- erc treaty
- e4c treaty
- e3c treaty
- eex treaty
- eev treaty
- eef treaty
- eed treaty
- eec rreaty
- eec freaty
- eec greaty
- eec yreaty
- eec 6reaty
Etymology of EEC TREATY
The term "EEC Treaty" stands for the European Economic Community Treaty. Its etymology can be understood by breaking down each part:
1. European: The word comes from the Latin phrase "Europaeus" which means "of Europe". It originated from the Greek mythological character Europa, who was a Phoenician princess and the mother of King Minos of Crete.
2. Economic: This word comes from the Greek word "oikonomia", which means "household management" and is derived from "oikos" (house) and "nomos" (law).
3. Community: This word comes from the Latin term "communitas", which means "common, public spirit". It traces back to "communis" (common) and "munus" (service).
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