In: Finance
Describe the differences between the Treaty of Rome and the Maastricht Treaty.
Treaty of Rome
The Treaty of Rome was originaly known as the full name "Treaty establishing the European Economic community" or the short form of it "EEC Treaty" and was renamed to " Treaty establishing the European Economic community", it's name was changed many times on various occasions since 1957.
The Treaty of Rome forbids the monopolies, some policies of transport , and the grant of some commercial rights to the colonial territories of the members of the state.
The essential contract included in the treaty of Rome was the adoption of common agriculture policy (CAP) and also include in the act the free market of agricultural products in European Economic community Treaty.
Maastricht Treaty
The Maastricht Treaty known as Treaty of European Union and it is considered to be significant and this treaty need voters from each country which give approval to the Union.The Maastricht Treaty was formed on 02/07/1992 and signed by 12 countries which includes U.K, Germany, Ireland , France , Denmark ,Spain ,Netherland ,Luxembourg, Greece ,Belgium.
The European citizenship was established , permitting citizens to reside in and move freely between the state of member and also formed common foriegn and security policy and developed strong coordination and communication between the police and judiciary.