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

After an emergency Caribbean Community and Common Market meeting in Jamaica on Monday, Henry announced his resignation and vowed to step down after the installation of a CARICOM-mandated transitional council.

From Slate • Mar. 14, 2024

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

But the greatest challenge of all is posed by the growth of the European Common Market.

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