Why was the EEC created?
Answers
Answer:
Explanation:
this article is about one of the three European Communities that existed from 1958 until 2009. It is not to be confused with the present-day European Union which incorporated the European Communities in 1993.
"European Common Market", "Common Market", and "EEC" redirect here. For the EU's internal market, see European Single Market. For the type of trade bloc, see Single market. For other uses, see Common market (disambiguation) and EEC (disambiguation).
European Economic Community[show]
European Community
1958–1993/2009
Flag of EEC/ECM
Emblem (1986)[1]
Anthem: "Ode to Joy" (orchestral)
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EEC in 1993
EEC in 1993
Status Economic union
Capital
Brussels
Luxembourg
Strasbourg²
Common languages
9 (1993)[show]
Commission President
• 1958–1967
Walter Hallstein
• 1967–1970
Jean Rey
• 1973–1977
François-Xavier Ortoli
• 1977–1981
Roy Jenkins
• 1981–1985
Gaston Thorn
• 1985–1993
Jacques Delors
Legislature
Council of Ministers
European Parliament
Historical era Cold War
• Treaty signed
25 March 1957
• Established
1 January 1958
• European Communities
1 July 1967
• Single market
1 January 1993
• Communities become a pillar of the EU
1 November 1993
• Pillar abolished
1 December 2009
Currency
13 currencies[show]
Succeeded by
European Union
Today part of European Union
¹ The information in this infobox covers the EEC's time as an independent organisation. It does not give details of post-1993 operation within the EU as that is explained in greater length in the European Union and European Communities articles.
² De facto only, these cities hosted the main institutions but were not titled as capitals.
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The European Economic Community (EEC) was a regional organisation which aimed to bring about economic integration among its member states. It was created by the Treaty of Rome of 1957.[2] Upon the formation of the European Union (EU) in 1993, the EEC was incorporated and renamed as the European Community (EC). In 2009 the EC's institutions were absorbed into the EU's wider framework and the community ceased to exist.
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 covering 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 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.
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