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European Union the Formation Originally the European Coal and Steel Community ECSC was formed with the then West Germany France Italy Belgium Netherlands and Luxembourg in 1952 The aim of the ECSC was to eliminate import duties and quotas on coal iron ore steel and scrap regarding the international trade among the member countries The successful functioning of ECSC stimulated the member countries to extend this facility to all commodities by the Treaty of Rome in 1957 This treaty gave birth to European Economic Commission or other wise Known as European Union The European Economic Community is also known as European Common Market Originally six countries viz France Federal Republic of Germany Italy Belgium Netherlands and Luxembourg formed into the European Economic Community EEC by the treaty of ROME 1957 IT CAME INTO BEING ON 1ST January 1958 The number of member countries of the EEC increased from 6 to 9 on January 1 1973 as UK Ireland and Denmark joined the Union Greece joined the EEC in 1981 and Portugal and Spain joined in 1984 Austria Finland and Sweden joined the Community on Jan 1 1986 Now the EEC has 15 Members The requirements joining the EEC as members are 1The country must be a European country 2It must be a democratic country Objectives EEC consists of three organizations viz the European Coal and Steel Authority ECSC the European Economic Community EEC and the European Atomic Energy Community Euratom The Main Objective of the EEC is The community shall have its task by setting up a common market to promote throughout the community a harmonious development by economic activities a continuous and a balanced expansion an increase in stability and accelerated raising of the standard of living and closer relations between the Member States belonging to it Activities of the EEC The activities of the EEC based on the objectives are 1Elimination of custom duties quantitative restrictions
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