European Atomic Energy Community Euratom at Val Duchesse in 1956 drew up the essentials of the new treaties. Euratom would foster co-operation in the nuclear field, at the time a very popular area, and would, along with the EEC, share the Common Assembly and Court of Justice of the ECSC, but not its executives. Euratom would have its own Council and Commission, with fewer powers than the High Authority of the European Coal and Steel Community. On 25 March 1957, the Treaties of Rome (the Euratom Treaty and the EEC Treaty) were signed by the ECSC members and on 1 January 1958 they came
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