common market

• Término económico que designa un grupo de países que acuerdan eliminar aranceles y barreras comerciales entre sí, garantizando la libre circulación de bienes, servicios, capitales y personas. Históricamente se usa a menudo para referirse a la Comunidad Económica Europea (CEE).

An economic term referring to a group of countries that agree to eliminate tariffs and trade barriers among themselves, allowing free movement of goods, services, capital, and labor. Often used historically to refer to the European Economic Community (EEC).

1. Economic UnionB2formal

   A group of countries that agree to eliminate tariffs and trade barriers among themselves, allowing free movement of goods, services, capital, and labor.

   mercado común

   • The European Union began as a common market for coal and steel.
   • Member states of a common market benefit from reduced trade restrictions.
   • The common market helped boost economic growth across the region.