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Document 11951K003

    Treaty establishing the European Coal and Steel Community - Title I - The European Coal and Steel Community - Article 3

    Legal status of the document No longer in force, Date of end of validity: 23/07/2002

    ELI: http://data.europa.eu/eli/treaty/ceca/art_3/sign

    11951K003

    Treaty establishing the European Coal and Steel Community - Title I - The European Coal and Steel Community - Article 3


    Treaty establishing the European Coal and Steel Community - TITLE I - The European Coal and Steel Community - Article 3

    The institutions of the Community shall, within the limits of their respective powers, in the common interest:

    (a) ensure an orderly supply to the common market, taking into account the needs of third countries;

    (b) ensure that all comparably placed consumers in the common market have equal access to the sources of production;

    (c) ensure the establishment of the lowest prices under such conditions that these prices do not result in higher prices charged by the same undertakings in other transactions or in a higher general price level at another time, while allowing necessary amortization and normal return on invested capital;

    (d) ensure the maintenance of conditions which will encourage undertakings to expand and improve their production potential and to promote a policy of using natural resources rationally and avoiding their unconsidered exhaustion;

    (e) promote improved working conditions and an improved standard of living for the workers in each of the industries for which it is responsible, so as to make possible their harmonization while the improvement is being maintained;

    (f) promote the growth of international trade and ensure that equitable limits are observed in export pricing;

    (g) promote the orderly expansion and modernization of production, and the improvement of quality, with no protection against competing industries that is not justified by improper action on their part or in their favour.

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