COMMON MARKET • E-FREE TRANSLATION.COM • Definition of Common Market

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/kˈɑmən mˈɑrkət/ Listen

Common Market

noun

An international organization of European countries formed after World War II to reduce trade barriers and increase cooperation among its members. Synonyms: EC, EEC, EU, Europe, European Community, European Economic Community, European Union.

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Etymology of 'Common Market'

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"Common Market" Quotes from Famous Books

... weather conditions and stronger international prices for key agricultural exports. The recovery continued through 1990, on the strength of bumper crops in 1988-89. In a major step to increase its economic activity in the region, Paraguay in March 1991 joined the Southern Cone Common Market (MERCOSUR), which includes Brazil, Argentina, and Uruguay. During 1991 the government began to more seriously address its arrearages with international creditors and its domestic fiscal problems. Inflation ...

— The 1992 CIA World Factbook • United States. Central Intelligence Agency.

... toward the development of a market-oriented economy. Successes under President SANCHEZ DE LOZADA (1993-97) included the signing of a free trade agreement with Mexico and becoming an associate member of the Southern Cone Common Market (Mercosur), as well as the privatization of the state airline, telephone company, railroad, electric power company, and oil company. Growth slowed in 1999, in part due to tight government budget policies, which limited needed appropriations for anti-poverty ...

— The 2003 CIA World Factbook • United States. Central Intelligence Agency

... a-foot. But he tells me of the common standard now reckoned on between man and man, in places where there is no alteration of circumstances, but only the houses burnt, there the ground, which with a house on it did yield 100l. a year, is now reputed worth 33l. 6s. 8d.; and that this is the common market-price between one man and another, made upon ...

— The Diary of Samuel Pepys • Samuel Pepys

Words linked to "Common Market" : Italian Republic, Sweden, U.K., Kingdom of Sweden, Portugal, Deutschland, France, Italy, Eire, Ireland, Germany, global organization, Federal Republic of Germany, world organisation, Ellas, Holland, Britain, Irish Republic, Denmark, Republic of Austria, French Republic, Kingdom of Belgium, Oesterreich, Luxembourg, Greece, Great Britain, Kingdom of Denmark, Portuguese Republic, Netherlands, Suomi, Danmark, Belgium, Espana, international organisation, Republic of Finland, FRG, Grand Duchy of Luxembourg, United Kingdom, Belgique, Italia, Kingdom of The Netherlands, United Kingdom of Great Britain and Northern Ireland, Republic of Ireland, UK, world organization, Sverige, Finland, international organization, Kingdom of Spain, Luxemburg, Austria, Hellenic Republic, Nederland, Spain, The Netherlands