Low Countries Region (Benelux)
Since the end of the First World War the following unions have been set in the Low Countries region:
The Benelux is an economic and political union between Belgium, the Netherlands, and Luxembourg. On 5 September 1944, a treaty establishing the Benelux Customs Union was signed. It entered into force in 1948, and ceased to exist on 1 November 1960, when it was replaced by the Benelux Economic Union after a treaty signed in The Hague on 3 February 1958. A Benelux Parliament was created in 1955.
The Belgium-Luxembourg Economic Union (BLEU) can be seen as a forerunner of the Benelux. BLEU was created by the treaty signed on 25 July 1921. It established a single market between both countries, while setting the Belgian franc and Luxembourgian franc at a fixed parity.
Read more about this topic: Modern Europe, Regional Integration
Famous quotes containing the words countries and/or region:
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