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"common market" in Business English

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common marketnoun [C]

uk   us  
ECONOMICS, POLITICS a group of countries that have a formal agreement for trading among themselves and how they trade with countries outside the group: The new agreement would create a common market that would extend from northern Canada to the tip of South America.
the Common Market
the former name of the European Community, now known as the European Union
(Definition of common market from the Cambridge Business English Dictionary © Cambridge University Press)
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“common market” in Business English

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