The "Treaties of Rome" were signed in Rome on 25th March 1957. They are considered as the foundation acts of the European Community. The first Treaty established the European Economic Community (EEC) while the second one established the European Atomic Energy Community, better known as EURATOM.
THE TREATY OF ROME establishing E.E.C.
25 March 1957
By this Treaty, the HIGH CONTRACTING PARTIES establish among themselves a EUROPEAN ECONOMIC COMMUNITY.
The Community shall have as its task, by establishing a common market and progressively approximating the economic policies of Member States, to promote throughout the Community a harmonious development of economic activities, a continuous and balanced expansion, an increase in stability, an accelerated raising of the standard of living and closer relations between the States belonging to it.
For the purposes set out in Article 2, the activities of the Community shall include, as provided in this Treaty and in accordance with the timetable set out therein:
a) the elimination, as between Member States, of customs duties and of quantitative restrictions on the import and export of goods, and of all other measures having equivalent effect;
b) the establishment of a common customs tariff and of a common commercial policy towards third countries;
c) the abolition, as between Member States, of obstacles to freedom of movement for persons, services and capital;
d) the adoption of a common policy in the sphere of agriculture;
e) the adoption of a common policy in the sphere of transport;
f) the institution of a system ensuring that competition in the common market is not distorted;
g) the application of procedures by which the economic policies of Member States can he coordinated and disequilibria in their balances of payments remedied;
h) the approximation of the laws of Member States to the extent required for the proper functioning of the common market;
i) the creation of a European Social Fund in order to improve employment opportunities for workers and to contribute to the raising of their standard of living;
j) the establishment of a European Investment Bank to facilitate the economic expansion of the Community by opening up fresh resources;
k) the association of the overseas countries and territories in order to increase trade and to promote jointly economic and social development.