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DictionarySeeseaSingle European Act
Related to Single European Act: European Monetary Union, European Monetary System, Single European MarketSingle European Act (SEA) a foundation treaty in the law of the EUROPEAN COMMUNITIES. It became effective as at 1 July 1987 and provided for a timetable for the completion of the free market, an extension of the use of qualified majority voting and foreshadowed the existence of a treaty on economic and monetary union. It also made provision for inclusion in the Communities' treaties of sections dealing with the environment and economic and social cohesion. It also provided for the EUROPEAN COURT OF FIRST INSTANCE and formally recognized the EUROPEAN PARLIAMENT and the COUNCIL OF THE EUROPEAN UNION.Single European Act
Single European ActAct intended to eliminate barriers on trade and capital flows between and among European countries.Single European ActAn agreement among European Community members to gradually reduce tariffs and trade barriers with a goal of creating a Common Market in Europe. The Act aimed to unify trade and other laws among participating nations. It came into effect in 1987 and was replaced by the institutions of the European Union in 1993.AcronymsSeeSEA |