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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 ...
The CAP, Common Agricultural Policy, regulated and subsided the agricultural sphere. A European Social Fund was implemented in favour of employees who lost their jobs. A European Investment Bank was established to "facilitate the economic expansion of the Community by opening up fresh resources" (Art. 3 Treaty of Rome 25 March 1957).
The European Economic Community was the first large-scale example of a common market. [ a ] A single market allows for people, goods, services and capital to move around a union as freely as they do within a single country – instead of being obstructed by national borders and barriers as they were in the past.
The report formed the cornerstone of the Intergovernmental Conference on the Common Market and Euratom at Val Duchesse in 1956. The outcome of the conference was that the new Communities would share the Common Assembly (now the Parliamentary Assembly) with the ECSC, as they would the European Court of Justice. However, they would not share the ...
The 1975 United Kingdom European Communities membership referendum, also known variously as the Referendum on the European Community (Common Market), the Common Market referendum and EEC membership referendum, was a non-binding referendum that took place on 5 June 1975 in the United Kingdom (UK) under the provisions of the Referendum Act 1975 ...
France wanted some way to include its African colonial in the forthcoming European common market. The participants of the conference could not reach a satisfactory agreement on a common agricultural policy , but the outcome of the conference provided for improvement in productivity, self-sufficiency in food for the community and the ...
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The Single European Act (SEA) was the first major revision of the 1957 Treaty of Rome. The Act set the European Community an objective of establishing a single market by 31 December 1992, and a forerunner of the European Union's Common Foreign and Security Policy (CFSP) it helped codify European Political Co-operation.