Legal Definitions - EEC

Definition: EEC stands for European Economic Community. It is now known as the European Union. The European Union is a group of European countries that work together to create a single market. This means that they try to remove barriers to trade, such as taxes on imports and exports, and make it easier for people to move between countries.

Example: The European Union was formed in 1957 by the Treaty of Rome. It started as the European Economic Community (EEC) and was later renamed the European Community (EC). In 1993, it became the European Union when the Maastricht Treaty on European Union took effect.

Explanation: The example shows how the European Union started as the European Economic Community and evolved into what it is today. The purpose of the European Union is to create a single market and remove barriers to trade, which is illustrated by the example of taxes on imports and exports. The example also shows how the European Union has changed over time, which is important to understand when studying its history and current role in the world.