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 Europe instituted the exchange-rate mechanism (ERM) as an initial step towards a common market on the continent. Andrew Stuttaford, National Review, "The Capital Note: Coronavirus Winners & Losers," 20 Aug. 2020 With Britain operating under European common market rules, trucks usually clear the port of Dover in around eight minutes. Stephen Castle, BostonGlobe.com, "Near UK’s busiest port, Brexit hopes are layered in asphalt," 8 Aug. 2020 As a result, Europe must be more present and react swifter on the global stage, while increasing its competitiveness and strengthening the common market. Arne Delfs, Bloomberg.com, "Merkel Cautions Europe on Balancing Act in Bipolar World," 22 Mar. 2020 Kenyatta rejected concerns that a free trade deal with the United States would undermine a new continental free trade agreement in Africa aimed at creating the world’s largest common market. Tom Odula, BostonGlobe.com, "Trump, Kenyan leader talk positive about US-Kenya trade deal," 6 Feb. 2020 His government has introduced some encouraging reforms: reducing barriers to foreign investment, cutting subsidies, and unifying India’s states into a common market. Daniel Tenreiro, National Review, "India as Counterweight to China in Asia," 5 Mar. 2020 Kenyatta quashed concerns that a bilateral free trade deal would undermine a new pan-African free trade agreement aimed at creating the world’s largest common market. Fox News, "Trump says first-of-its-kind Kenya trade deal 'probably' will happen," 6 Feb. 2020 Challenge: These two projects have remained unfinished as national governments repeatedly held up steps to strike down barriers that banks and other financial firms face in the EU’s common market. Jonathan Stearns, Bloomberg.com, "What’s Wrong With Europe and How Its New Chief Plans to Fix It," 29 Nov. 2019 Brexit suggested an orderly and well-managed—but less decisive—exit, with agreements in place to smooth the process of disentangling the UK from more than 40 years of membership of the European common market and community. Cassie Werber, Quartz, "How Brexit is changing the English language," 29 Oct. 2019

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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Time Traveler for common market

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The first known use of common market was in 1893

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Last Updated

2 Sep 2020

Cite this Entry

“Common market.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/common%20market. Accessed 24 Sep. 2020.

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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

More from Merriam-Webster on common market

Britannica.com: Encyclopedia article about common market

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