A Brief Note On The Single European Market

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SINGLE EUROPEAN MARKET Content Page Introduction: 1.0 How the SEA works: 2.0 Success of the SEA: 3.0 Failures of the SEA: 4.0 Recent changes SEA: 5.0 Advantages and disadvantages: 6.0 Prospects for the future: 7.0 1.0 Introduction The single European Market is the singular territory barring any internal borders or regulatory fetters to prevent a free movement of goods and services . The SEM was first instated in 1st July 1987, and fully coming into force on the 1st July 1992. The SEM effects were to encourage healthy competition within the EU, raise the quality of goods and service, and improve their efficiency and to keep prices or products and services low. This concept has been a great success as due to the raise in economic growth the movement of people which has made the European Union’s society easier to function from a business perspective and a consumer’s perspective. The Single European Act (SEA) was very significant to the Treaty of Rome 1957 as it was the first revision of the treaty. The Act guides the European Community in settings its objective of establishing a single market. 2.0 How the SEA works The Single European Act came into force in 1986, in which changed the Treaty of Rome, it also empowered and created awareness to integration by merging a large internal market. The first stage of the integration was of great success. Article 8 of the Treaty of Rome consolidated the foundations of the single market over a
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