Common Market

 

Definition

 A common market means that in addition to the customs union, member states allow labor and capital (as well as goods) to flow freely across borders. For instance, a French doctor could work in Italy on the same terms as an Italian one, or a Belgian financier could invest in Germany on the same terms as a German investor. Although the Treaty of Rome adopted the goal of a common market, even today it has been only partially achieved.

Links

The Black Sea Economic Cooperation (BSEC)

MERCOSUR

CARICOM Chapter VIII

Holland International Distribution Council

MBendi - COMESA - Common Market for East and Southern Africa

M Western Europe Common Market

httpwww.mutelibtech....sersdr39pagescap.htm

 

   
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Last Updated: 03/29/2001
UC Davis International Relations