单词 | common market |
释义 | common market common market a market where obstacles to free movement of the important sectors of the economy have been removed. Although a general term in economics, it is of special significance to lawyers as one of the foundations of the EUROPEAN UNION. In the EUROPEAN ECO- NOMIC COMMUNITY Treaty, the essential part of the Common Market77 common property was expressed as involving four freedoms: FREE MOVEMENT OF GOODS, FREE MOVEMENT OF PERSONS, FREE MOVEMENT OF SERVICES and OF ESTAB- LISHMENT and FREE MOVEMENT OF CAPITAL. It also requires more posi- tive steps, and these are reflected in policies: the COMMON AGRICUL- TURAL POLICY, the TRANSPORT POLICY and COMPETITION POLICY. The SIN- GLE EUROPEAN ACT prescribed a timetable for the single internal mar- ket. In the UK, in common parlance, the term Common Market is still erroneously or mischievously used of the European Union itself. |
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