POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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set up free trade among member countries
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create a stable, peaceful relationship between countries
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promote social issues like protecting human rights and preserving the environment
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ensure the safety and security of its members
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Detailed explanation-1: -It was set up in 1960 by its then seven Member States for the promotion of free trade and economic integration between its members.
Detailed explanation-2: -The treaty was designed to enhance European political and economic integration by creating a single currency (the euro), a unified foreign and security policy, and common citizenship rights and by advancing cooperation in the areas of immigration, asylum, and judicial affairs.
Detailed explanation-3: -Towards open and fair world-wide trade The European Union is one of the most outward-oriented economies in the world. It is also the world’s largest single market area. Free trade among its members was one of the EU’s founding principles, and it is committed to opening up world trade as well.
Detailed explanation-4: -In October 1991 the members of the EFTA and EEC agreed to establish a free-trade zone among themselves called the European Economic Area (EEA), which came into effect on January 1, 1994.