1A group of countries imposing few or no duties on trade with one another and a common tariff on trade with other countries.It required that companies in the common markets for steel and coal publish price lists....
What progress had been made towards the creation of a common market before the single market initiative?
‘In a globalising world of common markets and trade agreements, alcohol policy is thus no longer only a national or sub-national matter,’ he said.
1.1(the Common Market)A name for the European Economic Community or European Union, used especially in the 1960s and 1970s.