Creation of European Union
Mrs. Craig
European Economic Integration
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1st--1947 GATT-- General Agreements on
Tariffs and Trade
23 nations
Became the foundation for postwar global
commerce
Provided a framework for continuing
negotiations (rounds)
By1990- 99 nations were participating
European Economic Integration
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2nd—1952– European Coal and Steel
Community---- ECSC
HQ--- Luxembourg
Inner Six- Benelux nations + France, Italy ,
W Germany
Placed their coal/steel under a form of
supranational authority
Eliminated tariffs, duties & quotas on
coal/steel
European Economic Integration
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3rd– ECC – European Economic Community
HQ –Brussels
Created by Treaty of Rome
Created a larger free trade area or customs
union
Eliminate all trade barriers
One common tariff with outside world
Free movement of capital and labor
European Economic Integration
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4th- 1967- combined ECSC and EEC to form
the EC European Community
HQ– Brussels
European Parliament---- “Eurocrats”
518 members (elected by all voters in
Europe)– limited legislative power
Created Court of Justice
European Economic Integration
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5th--- 1991-2 Maastricht Agreements
European Union created from the EC.
“one currency, one culture, one social area and one
environment”
Create s frontier –free Europe– one common EU passport
One large common market--- goods into EU would have
high tariffs on them
2002- common currency– Euro
2003- --creates 60,000man EU rapid defense force