The European Economic Community (EEC) was a regional organization that aimed to bring about economic integration among its member states. It was created by the Treaty of Rome of 1957. Upon the formation of the European Union in 1993, the EEC was incorporated into the EU and renamed the European Community (EC). In 2009, the EC formally ceased to exist and its institutions were directly absorbed by the EU. This made the Union the formal successor institution of the Community.
The Community's initial aim was to bring about economic integration, including a common market and customs union, among its six founding members: Belgium, France, Italy, Luxembourg, the Netherlands and West Germany. It gained a common set of institutions along with the European Coal and Steel Community (ECSC) and the European Atomic Energy Community (EURATOM) as one of the European Communities under the 1965 Merger Treaty (Treaty of Brussels). In 1993 a complete single market was achieved, known as the internal market, which allowed for the free movement of goods, capital, services, and people within the EEC. In 1994 the internal market was formalised by the EEA agreement. This agreement also extended the internal market to include most of the member states of the European Free Trade Association, forming the European Economic Area, which encompasses 15 countries.
Upon the entry into force of the Maastricht Treaty in 1993, the EEC was renamed the European Community to reflect that it covered a wider range than economic policy. This was also when the three European Communities, including the EC, were collectively made to constitute the first of the three pillars of the European Union, which the treaty also founded. The EC existed in this form until it was abolished by the 2009 Treaty of Lisbon, which incorporated the EC's institutions into the EU's wider framework and provided that the EU would "replace and succeed the European Community".
The EEC was also known as the European Common Market in the English-speaking countries and sometimes referred to as the European Community even before it was officially renamed as such in 1993.
1957Mar, 25
The European Economic Community is established with West Germany, France, Italy, Belgium, Netherlands and Luxembourg as the first members.
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Events on 1957
- 9Jan
Suez Crisis
British Prime Minister Sir Anthony Eden resigns from office following his failure to retake the Suez Canal from Egyptian sovereignty. - 8Mar
Suez Crisis
Egypt re-opens the Suez Canal after the Suez Crisis. - 24Jun
First Amendment to the United States Constitution
In Roth v. United States, the U.S. Supreme Court rules that obscenity is not protected by the First Amendment. - 6Jul
Paul McCartney
John Lennon and Paul McCartney meet for the first time, as teenagers at Woolton Fete, three years before forming the Beatles. - 24Sep
101st Airborne Division
President Dwight D. Eisenhower sends 101st Airborne Division troops to Little Rock, Arkansas, to enforce desegregation.