What does common market mean?
Definitions for common market
com·mon mar·ket
This dictionary definitions page includes all the possible meanings, example usage and translations of the word common market.
Princeton's WordNet
European Union, EU, European Community, EC, European Economic Community, EEC, Common Market, Europenoun
an international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members
"he tried to take Britain into the Europen Union"
Wiktionary
Common Marketnoun
A European trade group and former name of the European Economic Community (now under the European Union).
Wikipedia
common market
The European Economic Community (EEC) was a regional organisation created by the Treaty of Rome of 1957, aiming to foster economic integration among its member states. It was subsequently renamed the European Community (EC) upon becoming integrated into the first pillar of the newly formed European Union in 1993. In the popular language, however, the singular European Community was sometimes inaccurately used in the wider sense of the plural European Communities, in spite of the latter designation covering all the three constituent entities of the first pillar.In 2009, the EC formally ceased to exist and its institutions were directly absorbed by the EU. This made the Union the formal successor institution of the Community. The Community's initial aim was to bring about economic integration, including a common market and customs union, among its six founding members: Belgium, France, Italy, Luxembourg, the Netherlands and West Germany. It gained a common set of institutions along with the European Coal and Steel Community (ECSC) and the European Atomic Energy Community (EURATOM) as one of the European Communities under the 1965 Merger Treaty (Treaty of Brussels). In 1993 a complete single market was achieved, known as the internal market, which allowed for the free movement of goods, capital, services, and people within the EEC. In 1994 the internal market was formalised by the EEA agreement. This agreement also extended the internal market to include most of the member states of the European Free Trade Association, forming the European Economic Area, which encompasses 15 countries. Upon the entry into force of the Maastricht Treaty in 1993, the EEC was renamed the European Community to reflect that it covered a wider range than economic policy. This was also when the three European Communities, including the EC, were collectively made to constitute the first of the three pillars of the European Union, which the treaty also founded. The EC existed in this form until it was abolished by the 2009 Treaty of Lisbon, which incorporated the EC's institutions into the EU's wider framework and provided that the EU would "replace and succeed the European Community". The EEC was also known as the European Common Market in the English-speaking countries and sometimes referred to as the European Community even before it was officially renamed as such in 1993.
ChatGPT
common market
A common market, also known as a single market, is a type of trade bloc that consists of several countries or regions which have agreed to reduce or eliminate tariffs, quotas, and other trade restrictions to encourage free trade and economic integration among its members. This system also allows for the free movement of goods, services, capital, and sometimes, labor. The European Single Market established by the European Union is a prominent example of a common market.
Wikidata
Common Market
Common Market is a hip hop duo based in Seattle, Washington with members RA Scion and DJ/Producer Sabzi. The two members were individually active hip hop artists in the Pacific Northwest since 2002, but collectively combined their talents in 2005 to form Common Market. Sabzi started his career as DJ and producer in another hip hop duo: Blue Scholars. RA Scion gained musical skill while in Zambia, but later began a solo career, playing a new style of hip hop with a spiritual message, inspired by his membership in the Bahá'í Faith. RA Scion and Sabzi's paths crossed through their Bahá'í contacts, and their political and spiritual approach to hip-hop music. In an interview on Seattle radio station 107.7 The End, the duo stated that their new album is titled Tobacco Road and is scheduled for release "on your mom's 50th birthday." In preparation for the album, Common Market released the EP "Black Patch War" on May 20, 2008. Tobacco Road was released September 9, 2008, followed by a CD release party on September 11, 2008 at Neumo's in Seattle. In September 2008, Common Market released a music video for the single "Trouble Is". The video was shot by director Zia Mohajerjasbi and was filmed at sites around Monroe, Washington. Also RA Scion has his first solo album known as "Live and Learn" and his 2010 solo album known as "Victor Shade" with producer MTK is currently available at his own website, and other online music store. RA Scion announced on Twitter, he has a new solo project with a different producer, Todd Sykes, releasing either late 2012, or early 2013.
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common market
Song lyrics by common market -- Explore a large variety of song lyrics performed by common market on the Lyrics.com website.
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Numerology
Chaldean Numerology
The numerical value of common market in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of common market in Pythagorean Numerology is: 6
Examples of common market in a Sentence
European Commission President Jean-Claude Juncker:
That has nothing to do with protection of external borders. Restoring borders between two Schengen countries will destroy the common market.
Don't lose yourself in wishful thinking, angela Merkel will do nothing which will endanger the basic principles of the common market, of the EU.
I will always be European. That is certain, you cannot tell the English: You are not European. Europe is always more than the common market, more than the European Union. But having said that, yes, having a link like that to the European Union is important.
Polish Finance Minister Mateusz Szczurek:
The message that I would like to get across is that free movement of labor is a crucial part of the common market but not the only one, the fact that thousands of British firms operate in Poland, the fact that City banks all trade Polish financial instruments, that is all part of the deal. Once you start removing pieces of it, you may wind up with a far bigger disintegration of the common market than you initially bargained for.
Translations for common market
From our Multilingual Translation Dictionary
- marché communFrench
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"common market." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/common+market>.
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