The European Economic Community (EEC), later known as the European Community, was a regional organization that aimed at unifying its member countries into a single economic entity. Also known as the European Common Market among the English- speaking countries, the EEC focused chiefly on establishing an internal market and custom union among its member states.
In 1993, the EEC successfully achieved a complete single market among its six founding member nations: Belgium, France, Italy, Luxembourg, West Germany, and the Netherlands. The internal market ensured the free movement of goods, services, capital, and people within the EEC.
The EEC was also able to form a standard set of institutions along with the European Coal and Steel Community (ECSC) and the European Atomic Energy Community (EURATOM).
Following the formation of the European Union in 1993, the EEC became one with the EU, and the new entity was renamed the European Community (EC). By 2009, the institutions under EC were directly absorbed by the European Union, and the EC officially ceased to function anymore.
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