Common Market: Ten Years Old

In Brussels last week, the European Economic Community celebrated its tenth birthday. Since March 25, 1957, when the Treaty of Rome brought the Common Market into being, many of the Community's aspirations have remained unattained—and perhaps unattainable. Yet the record of accomplishment is impressive.

The combined G.N.P. of the six Common Market nations has grown 52%, to $253 billion, while trade between them has skyrocketed by 238%, to an estimated $23 billion this year. Internal tariffs on agricultural goods have dropped more than 60%; on industrial products, they are down 80%. On July 1, 1968, eighteen months ahead of the schedule...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!