common market


Definitions of common market


a customs union with common policies on product regulation and the freedom of movement of capital, labour, and business entities

In an official statement, the plans for an East Asian common market and currency were described as 'distinct possibilities'.


an outdated term used to refer to what is now known as the European Union (EU) or the European Community (EC)

In negotiations on the creation of a Common Market, France insisted on a system of agricultural subsidies as its price for agreeing to free trade in industrial goods.