EEC (European Economic Community)

The European Economic Community (EEC) was established in 1957 to promote economic integration among its member countries, initially Belgium, France, Germany, Italy, Luxembourg, and the Netherlands. Its goal was to create a common market, allowing goods, services, people, and capital to move freely between member states. This collaboration aimed to enhance economic cooperation, reduce trade barriers, and foster growth. The EEC eventually evolved into the European Union (EU) in 1993, expanding its scope beyond economics to include political, social, and environmental policies, thereby deepening ties among European nations.