How did the EU initially facilitate trade among member states?

How did the EU initially facilitate trade among member states?

• A. By establishing tariffs between countries
• B. By abolishing tariffs and quotas on trade
• C. By promoting voluntary export restraints
• D. By limiting subsidies for exports

Answer: (B)

The correct answer is linked to the foundational principles of the European Union's creation, which aimed at fostering economic cooperation and integration among member states. Initially, the EU facilitated trade among its members by abolishing tariffs and quotas on trade. This approach was designed to create a single market, allowing goods, services, people, and capital to move freely across member states. The removal of tariffs and quotas eliminated barriers to trade, leading to increased competition, lower prices for consumers, and enhanced economic efficiency and growth across Europe. This integration process was a key part of the European Economic Community (EEC), established by the Treaty of Rome in 1957, which laid the groundwork for the EU and its internal market. By focusing on eliminating tariff barriers, the EU aimed to create a level playing field and boost trade volumes, benefiting all involved countries and leading to deeper political and economic cooperation.

The correct answer is linked to the foundational principles of the European Union's creation, which aimed at fostering economic cooperation and integration among member states. Initially, the EU facilitated trade among its members by abolishing tariffs and quotas on trade. This approach was designed to create a single market, allowing goods, services, people, and capital to move freely across member states. The removal of tariffs and quotas eliminated barriers to trade, leading to increased competition, lower prices for consumers, and enhanced economic efficiency and growth across Europe.

This integration process was a key part of the European Economic Community (EEC), established by the Treaty of Rome in 1957, which laid the groundwork for the EU and its internal market. By focusing on eliminating tariff barriers, the EU aimed to create a level playing field and boost trade volumes, benefiting all involved countries and leading to deeper political and economic cooperation.