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
Yugoslavia and the European Economic Community EEC has been opened. In 1977 the EEC granted access to the European Investment Bank to Yugoslavia. By 1980 European Investment Bank granted two loans in total value of 50 million of ECUs to link the Yugoslav high-voltage electricity distribution network to the Greek and Italian grids and for the construction of part of the trans-Yugoslav road. In 1978, the European Community and the Yugoslavia began negotiations on a Cooperation Agreement, which was signed in April 1980 and entered into force in April 1983. Cooperation Agreement contained provisions concerning trade, financial aid and cooperation in the areas of industry, science