European Union; Treaty of Rome
Q. Which treaty deals with functioning of the EU?- Published on 27 Jun 16a. Treaty of Rome
b. Treaty of Lisbon
c. Treaty of Amsterdam
d. Maastricht Treaty
ANSWER: Treaty of Rome
- The Treaty of Rome (1958) is known in updated form as the Treaty on the Functioning of the European Union (2007) or TFEU.
- The Treaty of Rome, officially the Treaty establishing the European Economic Community (TEEC), is an international agreement that led to the founding of the European Economic Community (EEC) on 1 January 1958. The word Economic was deleted from the treaty's name by the Maastricht Treaty in 1992, and the treaty was repackaged as the Treaty on the functioning of the European Union on the entry into force of the Treaty of Lisbon in 2009.
- The TEEC proposed the progressive reduction of customs duties and the establishment of a customs union.
- It proposed to create a common market of goods, workers, services and capital within the EEC's member states.
- It also proposed the creation of common transport and agriculture policies and a European social fund.
- It also established the European Commission.
