(a) the elimination, as between Member States, of customs duties and of quantitative restrictions in regard to the importation and exportation of goods, as well as of all other measures with equivalent effect ;
(b) the establishment of a common customs tariff and a common commercial policy towards third countries ;
(c) the abolition, as between Member States, of the obstacles to the free movement of persons, services and capital ;
(d) the inauguration of a common agricultural policy;
(e) the inauguration of a common transport policy;
(f) the establishment of a system ensuring that competition shall not be distorted in the Common Market;
(g) the application of procedures which shall make it possible to co-ordinate the economic policies of Member States and to remedy disequilibria in their balances of payments ;
(h) the approximation of their respective municipal law to the extent necessary for the functioning of the Common Market ;
(i) the creation of a European Social Fund in order to improve the possibilities of employment for workers and to contribute to the raising of their standard of living ;
(j) the establishment of a European Investment Bank intended to facilitate the economic expansion of the Community through the creation of new resources; and
(k) the association of overseas countries and territories with the Community with a view to increasing trade and to pursuing jointly their effort towards economic and social development.
Article 4
1. The achievement of the tasks entrusted to the Community shall be ensured by:
- -an ASSEMBLY,
- -a COUNCIL,
- -a COMMISSION, and
- -a COURT OF JUSTICE.
Each of these institutions shall act within the limits of the powers conferred upon it by this Treaty.
2. The Council and the Commission shall be assisted by an Economic and Social Committee acting in a consultative capacity.
