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TeachMeFinance.com - explain European Community (EC) European Community (EC) The term 'European Community (EC) ' as it applies to the area of agriculture can be defined as ' A regional organization created by the Treaty of Rome (1957), which provided for the gradual elimination of customs duties and other interregional trade barriers, a common external tariff, and gradual adoption of other integrating measures, including the Common Agricultural Policy (CAP), and guarantees of free movement of labor and capital. Of the current 15 member countries, the original six were Belgium, France, West German, Luxembourg, and the Netherlands. Membership expanded to include Denmark, Ireland, and the United Kingdom in 1973; Greece in 1981; Spain and Portugal in 1986; and Austria, Finland, and Sweden in 1995. In 1993, with establishment of the European Union (EU), the EC became the customs union component of the EU'. Previous 5 Terms: eupeptic euphobia euphotic zone Eurasia Euro Next 5 Terms: European Monetary Union (EMU) European Union (EU) eusuchian euthenics Eutrophic About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.