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

In Europe, the EEC or Common Market eventually grew into the EU.

From Textbooks • Dec. 14, 2022

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 • Dec. 17, 2020

A couple of days later, I was standing in the Common Market in Charlotte after ordering a sandwich.

From Salon • Jul. 12, 2020

MPs who back the Common Market 2.0 proposal have been engaged in talks with the DUP to try and persuade the party's 10 MPs to back it on Monday.

From BBC • Apr. 1, 2019

The Common Market will not fulfill its own high promise unless its outside tariff walls are low.

From State of the Union Address by Kennedy, John F. (John Fitzgerald)