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Common Market an economic association of major western European countries mainly designed to eliminate tariffs on trade among member nations and establish uniform tariffs on goods from other countries; European Economic Community. [1/2 definitions]
E.E.C. abbreviation of "European Economic Community," an economic association of major western European countries mainly designed to eliminate tariffs on trade among member nations and establish uniform tariffs on goods from other countries; Common Market.
EU abbreviation of "European Union," an economic and political union of twenty-seven democratic countries formed from the European Economic Community in 1993. The union currently consists of the member states Austria, Belgium, Bulgaria, the Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
European Union an economic and political union of twenty-seven democratic countries formed from the European Economic Community in 1993. The union currently consists of the member states Austria, Belgium, Bulgaria, the Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.