Common Market

American  

noun

1. Official Name European Economic Community.  an economic association established in 1958 and originally composed of Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany, created chiefly to abolish barriers to free trade among member nations and to adopt common import duties on goods from other countries: the United Kingdom, the Republic of Ireland, and Denmark joined in 1973, Greece joined in 1981, and Spain and Portugal joined in 1986. CM

2. (sometimes lowercase) any economic association of nations created for a similar purpose.

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Common Market British  

noun

1. obsolete an informal name for European Economic Community

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Etymology

Origin of Common Market

First recorded in 1950–55

Example Sentences

Lord Taverne famously won the 1973 Lincoln by-election as a Democratic Labour candidate, having resigned from the Labour party over his stance on the European Common Market.

From BBC

His goal was to study the European Common Market and how it affected the economy and stock market of the United States.

From Washington Post

His plan helped see the realization of the 1952 European Coal and Steel Community, a forerunner of the Common Market formed in 1958.

From Seattle Times

The first battleground was over membership of the Common Market, the forerunner of the European Union.

From BBC

This effort involves city agencies, the Maryland Food Bank, companies such as Coastal Sunbelt Produce and Common Market, a regional food distributor, and community and nonprofit organizations.

From Washington Times