common market

noun

Definition of common market 

: an economic association (as of nations) formed to remove trade barriers among its members

Examples of common market in a Sentence

Recent Examples on the Web

Under the terms, agreed among the EU’s 27 national diplomats dealing with Brexit, the U.K. will follow the EU’s rules and continue to trade freely in the bloc’s common market until the end of 2020. Valentina Pop, WSJ, "EU Agrees on Brexit Transition Terms but Ireland Issue Remains," 19 Mar. 2018 In the 1950s the Germans got the common market in exchange for the common agricultural policy. The Economist, "The growing strains between Angela Merkel and Emmanuel Macron," 24 May 2018 The talks the Trump administration called for to revamp the pact and its 24-year-old common market have been going on for months, with little signs of progress between the three sides of yet. Bloomberg.com, "Trump-Loving Farmers Let Him Know That They Love Free Trade Too," 9 Jan. 2018 If Brexit goes through, Britain will not be a member of the common market or the customs union. William A. Galston, WSJ, "Brexit and the Disunited Kingdom," 25 July 2017 The reform -- one of India’s biggest since the economy opened to foreigners in 1991 -- was a win for Jaitley and promises to unite India’s 1.3 billion people into a massive common market. Dhwani Pandya, Bloomberg.com, "'No Need to Panic,' Says India's Jaitley as Firms Defer Spending," 24 Sep. 2017 Many Britons voted for Brexit because control over immigration and their laws mattered more to them than the pecuniary advantages of the European common market. Greg Ip, WSJ, "In Defense of the Dismal Science," 25 Aug. 2017 Without a thriving common market fueled by the free flow of labor, goods, and workers, production and trade will fall, leading to increased unemployment and rising social unrest. James Kirchick, Slate Magazine, "The Necessity of Memory," 11 Apr. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'common market.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of common market

1893, in the meaning defined above

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The first known use of common market was in 1893

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More Definitions for common market

common market

noun

English Language Learners Definition of common market

: a group of countries that allows free trade among its members

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