The acronym EEC stands for European Economic Community. The EEC is one of the forerunners of the European Union that exists today. The importance of the EEC is that it was a step towards the integration of Europe. After WWII, European countries felt that it would be beneficial for them to integrate. They felt that it would help them in two ways. First, they felt that integration would be economically helpful. It would create a large common market that would allow companies in each country to sell to a larger customer base. Second, they felt that integration would make war impossible. They did not want a repeat of the world wars that had happened in the past 50 years and felt that countries that were part of a common market and other common institutions would never go to war with one another.