European Economic Community European Economic Community The European Economic Community (EEC) was a regional organisation which aimed to bring about economic integration among its member states. It was created by the Treaty of Rome of 1957. Upon the formation of the European Union (EU) in 1993, the EEC was incorporated and renamed as the European Community (EC). In 2009 the EC's institutions were absorbed into the EU's wider framework and the community ceased to exist. The Community's initial aim was to bring about economic integration, including a common market and customs union, among its six founding members: Belgium, France, Italy, Luxembourg, the Netherlands
Statistical Classification of Economic Activities in the European Community Statistical Classification of Economic Activities in the European Community The Statistical Classification of Economic Activities in the European Community, commonly referred to as NACE (for the French term ""nomenclature statistique des activités économiques dans la Communauté européenne""), is the industry standard classification system used in the European Union. The current version is revision 2 and was established by Regulation (EC) No 1893/2006. It is the European implementation of the UN classification ISIC, revision 4. There's a correspondence between NACE and United Nations' International Standard Industrial Classification of all Economic Activities. NACE is similar in function to the SIC and NAICS