common market
nounDefinition of common market
: an economic association (as of nations) formed to remove trade barriers among its members
Examples of common market in a Sentence
Recent Examples on the Web
In London, Parliament was preparing to defy Prime Minister Boris Johnson’s plans to leave the European common market even if the two sides fail to agree on future trade and other terms. — Washington Post, "HK stocks surge on withdrawal of law that sparked protests," 4 Sep. 2019 To send a clear message to Mr. Bolsonaro, French President Emmanuel Macron threatened to block the Mercosur trade agreement between the EU and South America’s common market. — The Christian Science Monitor, "Mountain climbing with Spirit," 30 Aug. 2019 The deal, known as the European Union–Mercosur Free Trade Agreement, would eliminate the majority of tariffs between the EU and the Mercosur common market, which includes Brazil, Argentina and others. — Justin Worland, Time, "How Trump Unwittingly Paved the Way for a Climate Change Breakthrough at the G-7," 26 Aug. 2019 Under the terms, agreed among the EU’s 27 national diplomats dealing with Brexit, the U.K. will follow the EU’s rules and continue to trade freely in the bloc’s common market until the end of 2020. — Valentina Pop, WSJ, "EU Agrees on Brexit Transition Terms but Ireland Issue Remains," 19 Mar. 2018 In the 1950s the Germans got the common market in exchange for the common agricultural policy. — The Economist, "The growing strains between Angela Merkel and Emmanuel Macron," 24 May 2018 The talks the Trump administration called for to revamp the pact and its 24-year-old common market have been going on for months, with little signs of progress between the three sides of yet. — Bloomberg.com, "Trump-Loving Farmers Let Him Know That They Love Free Trade Too," 9 Jan. 2018 If Brexit goes through, Britain will not be a member of the common market or the customs union. — William A. Galston, WSJ, "Brexit and the Disunited Kingdom," 25 July 2017 The reform -- one of India’s biggest since the economy opened to foreigners in 1991 -- was a win for Jaitley and promises to unite India’s 1.3 billion people into a massive common market. — Dhwani Pandya, Bloomberg.com, "'No Need to Panic,' Says India's Jaitley as Firms Defer Spending," 24 Sep. 2017These example sentences are selected automatically from various online news sources to reflect current usage of the word 'common market.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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