One of the mysteries of the English language finally explained.
1A group of countries imposing few or no duties on trade with one another and a common tariff on trade with other countries.
- ‘The EU is destined to become what big business have always wanted it to be, just a common market.’
- ‘The keys to success are a common market, non-competing products or services, shared values and comparable resources.’
- ‘Corporate behaviour adjusted so rapidly to the prospect of the common market that companies became impatient to see the benefits of the deals concluded and of the new investments made.’
- ‘These rules have created a common market with strong internal competition.’
- ‘Indeed, common markets, be they national or otherwise, are exercises in the prevention of certain sorts of competition as well as the encouragement of other forms.’
- ‘But they are working together in the European Union, gaining from a single currency and a common market.’
- ‘It required that companies in the common markets for steel and coal publish price lists.’
- ‘Finally, if restrictions on the mobility of factors of production are eliminated, a common market is established.’
- ‘Thirty years ago, we joined a common market that was little more than a free trade area.’
- ‘Certainly, political union and a common market require a uniform frame of reference to prevent major distortions in competition.’
- ‘First, equality of opportunity must be preserved for all commercial operators in the common market.’
- ‘What progress had been made towards the creation of a common market before the single market initiative?’
- ‘Which means that certain institutional changes within Europe, as existing in an expanded common market, must occur.’
- ‘One of those is that goods sold in one Member State by the proprietor should flow freely and without hindrance throughout the common market.’
- ‘There is no doubt that there are some advantages to having a single currency throughout the European common market.’
- ‘‘In a globalising world of common markets and trade agreements, alcohol policy is thus no longer only a national or sub-national matter,’ he said.’
- 1.1 A name for the European Economic Community or European Union, used especially in the 1960s and 1970s.
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