1948day.year
The Organization of European Economic Co-operation is formed.
The Organization of European Economic Co-operation was established on April 16, 1948, to administer the Marshall Plan.
Representatives from 16 European nations met in Paris to sign the convention forming the OEEC.
Their goal was to coordinate aid distribution and promote economic recovery after World War II.
The organization facilitated tariff reductions, trade liberalization, and industrial cooperation among member states.
It laid the groundwork for modern European integration and eventually evolved into the OECD.
By fostering dialogue and technical assistance, the OEEC accelerated reconstruction efforts.
Its success demonstrated the power of multilateral economic collaboration in postwar reconstruction.
1948
Organization of European Economic Co-operation