Analysis Of The Single European Act ( Sea ) For A Business Seminar On The Single Market

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The purpose of this report is to provide information on the Single European Act (SEA) for a Business Seminar on the Single market. Throughout this report, I will analyse and evaluate the Single European Act, the workings of the internal market and how far any recent changes have succeeded. 2.0 FINDINGS 2.1 Background The SEA was created in 1986, with the aim that by 1992 there would be a Single market. It was developed from the Treaty of Rome 1957 which established the ‘common market’ (later known as the internal market) between the then six EEC members. This was a major sign of European integration; removing trade barriers and creating free movement of people, goods, capital and services and involved a Customs Union. The Single market involves 27 EU countries and the European Economic Area which includes Norway, Iceland and Liechtenstein; Switzerland has bilateral agreements within the Single market. 2.2 Priorities of European Commission The European Commission aims to maximise the potential of the internal market by eliminating physical, technical and tax barriers to boost growth and employment. 2.2.1 The Four Freedoms The Four Freedoms refers to the free movement of goods, services, people and capital between membership countries. Below is a model for the Four Freedoms (appendix 1). 2.3 What the Single market means for Business The Single market allows businesses to trade with fewer restrictions. Europa states that "they have a large market to sell into
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