European Economic Community: Definition & (History - Purpose)
World War II, Europe experienced poverty and division, efforts to unite Europe have been carried out, but its success depends on two large countries, namely France and West Germany.
"European Economic Community" Definition & (History - Purpose)
The European Economic Community "EEC" is a regional organization that aims to unite the economies of its member countries. This organization was formed through the Rome agreement in 1957.
After the "EU" European Union was formed in 1993, the MEE was united and renamed the European Community "EC", in 2009, all ME institutions were merged into the European Union.
MEE History
These institutions on July 1, 1967 merged into one organization namely the European Community "ME" and then in 1993 became the European Union "European Union".
Initially the activities of the European Union were limited to trade, but in line with the increase in membership, EU activities developed not only in trade but in broader fields such as taxation, industry, agriculture and politics. This effort is continued by forming a joint market which is an agreement to remove obstacles to the mobility of factors of production among fellow EU members.
The Purpose of Establishing EEC Organizations
In this regard, the MEE emphasized its objectives, including:
European integration by establishing economic cooperation, improving living standards and expanding employment.
Promote trade and ensure free competition and balance of trade between member countries.
Remove all obstacles that hamper the speed of international trade.
Expanding relations with countries other than EEC members.
To realize its goal, EEC formed a common European market "Comman Market", uniform tariffs and freedom of movement in terms of labor, goods, and capital.
EEC Member Countries
For this case, the EU members consist of 27 countries: Ireland, England, France, Portugal, Spain, Italy, Greece, Australia, Belgium, Luxembourg, Germany, the Netherlands, Denmark, Sweden, Finland, Poland, Czech, Hungary, Slovenia, Cyprus, Malta, Slovakia, Latvia, Lithuania, Estonia and Portugal.
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