ECONOMIC INTEGRATION: COMMON MARKET
The creation of a common market is the next step, whereby the obstacles for the free movement of labour, capital, services and persons are eliminated.
The instruments necessary to establish a common market are: a trade liberalisation programme; common external tariff; the coordination of macroeconomic policy; and the adaptation of sectoral agreements.
Since the establishment of the European Community the main objective of cooperation has been to generate opportunities for persons, goods, services and capital to move freely across the borders between the member states. The main idea is to eliminate within the EC all special national rules, which discriminate against the citizens, companies or products of other member countries. The initial plan was to realize this common market by the end of 1969, however this goal was only partially achieved. It was only in the eighties that real action was taken to achieve a common market. The single market with the "four freedoms" - the free movement of goods, services, persons and capital - forms the core of the European Common Market.
Different Forms of Economic Integration:
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