EU - History of the European Union Economic Integration -...

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History of the European Union Economic Integration - 1951 European Coal And Steel Community formed by Belgium, France, West Germany, Italy, Luxembourg and Netherlands - 1957 Treaty of Rome establish the European Community - Single European Act adopted in 1987 - Born out of frustration that barriers to free trade still existed - EC countries committed to create a single market by Dec. 31, 1997 - Remove frontiers between the countries - Create product standards - Reduce cost of products - Reduce cost of haulage and maritime - Reduce cost of ±nancial services - Remove the restriction of foreign exchange - 1994 European Community became European Union EU Principal Objectives - Ensure freedom, security and justice - Cooperation in the ±eld of Justice and Home Affairs - Establish European citizenship - Fundamental rights - Freedom of movement - Civil and political rights - Promote economic and social progress - Single market - Euro, the common currency - Job creation - Regional development - Environmental protection
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This note was uploaded on 12/11/2011 for the course INTBUS 200 taught by Professor Tuli during the Fall '11 term at Wisconsin.

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EU - History of the European Union Economic Integration -...

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