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 refused the proposal. In June 1991 an EEC mission formed by the foreign ministers of Luxembourg, Italy and the Netherlands visited Belgrade, where they talked with Yugoslav Prime Minister Ante Marković, as well as Zagreb, where they talked with Presidents Milan Kučan of Slovenia and Franjo Tuđman of Croatia. The mission members stated that almost $1 billion in economic aid would be suspended if Yugoslav military offensive continued as well as that the EEC favors the preservation of Yugoslavia as a single entity. Members of the EEC were divided over the importance they should give to the potentially contradictory principles