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The European single market, also known as the European internal market or the European common market, is the single market comprising mainly the 27 member states of the European Union (EU). With certain exceptions, it also comprises Iceland , Liechtenstein , Norway (through the Agreement on the European Economic Area ), and Switzerland (through ...
After rejecting calls to negotiate continued membership of the Single Market or a free-trade agreement based on regulatory alignment with the Single Market, [19] under the terms of the October 2019 Withdrawal Agreement the Conservative government of Boris Johnson withdrew the United Kingdom from the European Union, and thus from the SEA, at the ...
A single market, sometimes called common market or internal market, is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise and services.
The European Economic Area (EEA) was established via the Agreement on the European Economic Area, [4] an international agreement which enables the extension of the European Union's single market to member states of the European Free Trade Association (EFTA). [5]
The European Economic Community (EEC) was a regional organisation created by the Treaty of Rome of 1957, [note 1] aiming to foster economic integration among its member states. It was subsequently renamed the European Community (EC) upon becoming integrated into the first pillar of the newly formed European Union (EU) in 1993.
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A common market is a free trade area with relatively free movement of capital and services. The European Economic Community is sometimes referred to as the "Common Market", a regional organisation from 1958 to 1993. Common market or Common Market may also refer to: European Single Market, referred to as the "European Common Market" prior to 1993
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