European Economic Community

The European Economic Community (EEC) was established on 1 January 1958, when the Treaty of Rome came into force. This treaty was on March 25th 1957 signed byBelgium, the Federal Republic of Germany , France , Italy , Luxembourg and Netherlands .

The EEC was the basis of the current European Union . Within the EEC common market was formed. The EEC Treaty contained provisions on agriculture, transport facilities, and economic relations with non-members. Later, capital and labor would also be part of the common market.

The Treaty of Rome was also the European Atomic Energy Community (also known as Euratom) was established. In 1951 was the European Coal and Steel Communityestablished (ECSC). The three organizations received in 1967 together one Commission, one Council and one budget. They continued working under the name European Communities (EC), but the three treaty organizations have continued to exist apart from each other. In 1993, upon entry into force of the Maastricht Treaty, the community was renamed in European Community since the Treaty provisions from that moment stretched much further than just the economic sphere.