Back to the frontpage

Introduction to the euro


The European Central Bank and the Eurosystem


The ECB's monetary policy


Denmark and the euro


Non-euro area EU member states


Economic-policy cooperation in the EU


Cash changeover


History of the Euro


Danmarks Nationalbank | | |QR code for mobile units

Foundation of the EC









In 1957 Belgium, France, Italy, Luxembourg, the Netherlands and West Germany signed the Treaty of Rome, which led to the establishment of the European Community, EC. The EC was established especially to increase trade between the member states, and therefore the Treaty of Rome contained provisions for the creation of a common market. The most important aspect was the establishment of a Customs Union whereby the member states abolished customs tariffs on intra﷓EC trade and imposed a common customs tariff on goods imported from other countries.

The Customs Union was completed in 1968.









Last update: 02/08/2008

 
Read by others
 


Danmarks Nationalbank
Havnegade 5
DK - 1093
Copenhagen K
Denmark
Contact us Disclaimer