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Common Market

noun

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. Abbreviation: CM
(sometimes lowercase) any economic association of nations created for a similar purpose.

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RELATED WORDS

EEC, EU

Origin of Common Market

First recorded in 1950–55
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

British Dictionary definitions for common market

Common Market

noun

the Common Market obsolete an informal name for European Economic Community
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012