European Coal and Steel Community
European Coal and Steel Community: ECSC. Established in 1951 by the Treaty of Paris. It created a single market for coal and steel among member countries. Members delegated their powers in this regard to a newly created High Authority, a supra-national authority. The successful working of the ECSC was one of the factors leading to the negotiation of the Treaty of Rome which created the European Economic Community. In 1965, the Treaty Establishing a Single Council of the European Communities (the Merger Treaty) unified the High Authority with the Commission of the European Economic Community. The Treaty establishing the ECSC expired on 23 July 2002. See also European Communities.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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