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Did you Know?
The European Commission is working towards bringing down barriers and simplifying existing rules to enable everyone in the EU – individuals, consumers and businesses – to make the most of the opportunities offered to them by having direct access to 27 countries and 480 million people. This is being done through the creation of the EU Single Market!
EDC News: The EU Single Market
The purpose of the Single Market is to treat the EU as one territory thereby simplifying the process of interaction between people, money, goods and services, to stimulate competition and trade, and improve efficiency. By increasing the choice of goods and services this will lead to the ultimate goal of raising quality and cutting prices.
Since its introduction the Single Market has been responsible for a number of achievements:
The Single Market can now be accessed by over 500 million people across 27 Member States. While individual Member States are still responsible for taxation and social welfare, the European Single Market is supported by a large number of related pieces of legislation put in place by the EU over the years.
For more information on Single Market Legislation (Source: European Commission, 19.6.2013):
In an attempt to ensure the smooth running of the Single Market, the European Commission utilises a number of tools at each stage of theGovernance Cycle. These tools help develop a Scoreboard which aims to give an overview of the practical management of the Single Market. It not only gives a performance overview for all the Member States but also covers the results that have been achieved, thefeedback received and conclusions drawn, providing a basis for future action in:
Check out the following links for further practical information and problem solving: