Definition of common market noun from the Oxford Advanced Learner's Dictionary

     

    common market

     noun
    noun
    BrE BrE//ˌkɒmən ˈmɑːkɪt//
     
    ; NAmE NAmE//ˌkɑːmən ˈmɑːrkɪt//
     
    International relations
     
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  1. 1[countable, usually singular] a group of countries that have agreed on low taxes on goods traded between countries in the group, and higher fixed taxes on goods imported from countries outside the group See related entries: International relations
  2. 2the Common Market [singular] a former name of the European Union
See the Oxford Advanced American Dictionary entry: common market