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European Economic Community

European Economic Community
Economic union
1958–1993/2009


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Anthem
"Ode to Joy" (orchestral)
EEC in 1993
Capital Brussels
Luxembourg
Strasbourg²
Languages
Political structure Economic union
Commission President
 •  1958–1967 Walter Hallstein
 •  1967–1970 Jean Rey
 •  1973–1977 François-Xavier Ortoli
 •  1977–1981 Roy Jenkins
 •  1981–1985 Gaston Thorn
 •  1985–1993 Jacques Delors
Legislature Council of Ministers
European Parliament
Historical era Cold War
 •  Treaty signed 25 March 1957
 •  Established 1 January 1958
 •  European Communities 1 July 1967
 •  Single market 1 January 1993
 •  Communities become a pillar of the EU 1 November 1993
 •  Pillar abolished 1 December 2009
Currency
Succeeded by
European Union
Today part of  European Union
¹ The information in this infobox covers the EEC's time as an independent organisation. It does not give details of post-1993 operation within the EU as that is explained in greater length in the European Union and European Communities articles.
² De facto only, these cities hosted the main institutions but were not titled as capitals due to the EEC being primarily an international organisation.


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The European Economic Community (EEC) was a regional organisation which 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 (EU) in 1993, the EEC was incorporated and renamed as the European Community (EC). In 2009 the EC's institutions were absorbed into the EU's wider framework and the community ceased to exist.

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 covering 15 countries.


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Wikipedia

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