The EU was founded in 1957 and this year it celebrates its 50th anniversary, so I decided to find out something more about this union. I focused on the European Economic Community.
There are many interesting links on the Internet about it but this is the best one:
"The European Economic Community (EEC) was an organization established by the Treaty of Rome (25 March 1957) between the ECSC countries Belgium, France, Italy, Luxembourg, the Netherlands, and West Germany, known informally as the Common Market (the Six). The EEC was the most significant of the three treaty organizations that were consolidated in 1967 to form the European Community (EC; known since the ratification 1993 of the Maastricht treaty as the European Union, EU). The EEC had as its aim the eventual economic union of its member nations, ultimately leading to political union. It worked for the free movement of goods, service, labour and capital, the abolition of trusts and cartels, and the development of joint and reciprocal policies on labour, social welfare, agriculture, transport, and foreign trade.
In 1956, the United Kingdom proposed the Common Market to be incorporated into a wide European free-trade area. After the proposal was vetoed by President Charles de Gaulle and France in November 1958, the UK together with Sweden engineered the formation (1960) of the European Free Trade Association (EFTA) and was joined by other European nations that did not belong to the Common Market (the Seven). Beginning in 1973, with British, Irish, and Danish accession to the EEC, the EFTA and the EEC negotiated a series of agreements that would ensure uniformity between the two organizations in many areas of economic policy, and by 1995, all but four EFTA members had joined the European Union.
One of the first important accomplishments of the EEC was the establishment (1962) of common price levels for agricultural products. In 1968, internal tariffs (tariffs on trade between member nations) were removed on certain products."
The quoted text tells that the Treaty of Rome established EEC 50 years ago. They tried hard to unit the economy of all Europe.
The United Kingdom suggested the Common Market to be incorporated into a large European free-trade area. After that, the European Free Trade Association was also joined by other European nations.
In 1962 were established common price levels and in 1968 tariffs were removed on some products.
I haven’t known anything about this topic before, but this short article helped me to learn a little bit about the European economy.
By Valentina, 9/3