History of the European Union Europe Declaration (1951). This principle was at the heart of the European Coal and Steel Community (ECSC) (1951), the Treaty of Paris (1951), and later the Treaty of Rome (1958) which established the European Economic Community (EEC) and the European Atomic Energy Community (EAEC). Both the ECSC and EEC were later incorporated into the European Union while the EAEC maintains a distinct legal identity despite sharing members and institutions. The Maastricht Treaty (1992) created the European Union with its pillars system, including foreign and home affairs alongside the European Community. This in turn led to the creation of the single
European Economic Community absorbed into the newly consolidated European Union which merged in the other two pillars (however Euratom remained distinct). This was originally proposed under the European Constitution but that treaty failed ratification in 2005. The main aim of the EEC, as stated in its preamble, was to "preserve peace and liberty and to lay the foundations of an ever closer union among the peoples of Europe". Calling for balanced economic growth, this was to be accomplished through: For the customs union, the treaty provided for a 10% reduction in custom duties and up to 20% of global import quotas. Progress on