common market

• Termo econômico que designa um grupo de países que concordaram em eliminar tarifas e barreiras comerciais entre si, garantindo a livre circulação de bens, serviços, capitais e mão de obra. É usado historicamente para se referir à Comunidade Econômica Europeia (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 Comum

   • 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.