Report On The Single European Market

Creating a single European market consensus of all EU policies. This is the main, whereby, if a company is allowed to do under the rules, a Member State of legislation something that the rules should therefore in the implementation of all EU Member States and the principles of a free trade area allowed. This reality can be different ways to view. EU member states must agree to the implementation of their policies could. The European single act of BP deal will mean more effective through the entire subsidy based on different Member States. For the command economies of scale allow them to accept a greater range, it will be cheaper.

European Union represents economic and political partnership of 28 states, with population more than 500 million people who can travel within its territory without considering internal borders. It operates as a single market with standardized laws and guaranteed freedom of movement of people, goods, services and capital. As such, European Union is attractive destination for all kind of immigrants, from people in search of a better life from unfortunate and unstable regions to highly qualified work force who are looking for greater business opportunities. As European Commission President Jose Manuel Barroso said in an interview for Time Magazine (Oct. 24,2007) “Europe is an

The Internal Market of the European Union (EU) is one of Europe’s significant achievements and its greatest resource in times of modern globalisation. Since its creation in 1993, the Internal Market has opened itself more to competition, created jobs and reduced many trade barriers. It is the principal instrument for building a stronger and fairer economy in the EU. It assures the free movement of people, services, goods and capital, and by doing so, creates fresh opportunities for businesses and consumers. The Treaty on the Functioning of the European Union adopts measures with the aim of combining national markets in a single market with the characteristics of a domestic market. The vision is that it should be as easy to trade between London and Madrid as it is between London and Manchester.

The European Union (EU) is a unique economic and political partnership between 28 different countries. It consists of about half a billion citizens, and its combined economy represents about 20 percent of the world’s total economy (Briney, 2015). Today The European Union works as a single market, with free movement of people, goods and services from one country to another. There is a standard system of laws to be followed, and since 1999 many countries share a single currency called the Euro (Europa.eu, 2015). This essay will explore the background history of the European Union and the benefits and drawbacks of the European Union.

A very important advantage is that Each European Citizen has the right to live, work and study in each member state. Free movement of workers is a fundamental right which permits nationals of one EU Member State to work in another Member State under the same conditions as that Member State’s own citizens. This is an important instrument to make sure people can develop their skills in the best possible way (Winkler, 2008).

2. The EU has made doing business across borders easier with standardized currency and regulation.

The European Union consists of 28 member states and has a population of 503 million inhabitants, and a total surface area of over 4 million square miles. The EU has its own currency, the Euro, and the largest single market in the world. It is a global community and power and has a huge influence on our world today in many aspects, and has been slowly built up to what it is today through humanistic ideology , common interests, new structures, treaties, economic policy and the attempt of equality throughout.

With the effect of the Single European Act on 1st July 1987, the emergence of European Union (EU) as a common market has essentially been created. The benefits of this act are substantial to European firms, economies, and workers. It eliminates conflicting national regulations and trade barriers, as well as offering firms opportunity to sell their goods to all other EU members (Griffin & Pustay 2005).

There are many benefits of trading within the EU, the agreement in 1993 was effectively the start of what we now refer to as the single market, it removed the borders of a member country for trade enabling the free movement of goods between members without the encumbrance of the customs process and reducing the need of a significant amount of accompanying documents that was required for goods being moved across borders. Previously it was necessary for goods to be shipped with certificates of origin, Invoices, packing lists with a full breakdown of package contents. If moved by road, which is the normal method of transport within the EU, a CMR transport note

In order to understand the evolvement of the Single Market of the European Union, one has to take the general background into consideration. Therefore, it is important to have a look at the Treaty on European Union (Maastricht Treaty) which gave birth to the creation of the Single Market. Having been the Common Market before the Maastricht treaty, the European Economic Community (EEC) Treaty already clarified the objective of cooperation between member states. Throughout the Single Market, those objectives should be transformed into reality.

The European Union was established to support economic collaboration between countries by the signing of the Treaty of Rome . This Treaty proposed the idea of the four basic rights – the free movement of goods, services , workers and capital. As provided, the free movement of workers is a basic right within the European Union, and it has subsequently developed into the free movement of persons. The concept of discrimination has arisen due to numerous cases, and the Maastricht Treaty has addressed this concept. Furthermore, the Lisbon Treaty has consolidated the aforementioned issues and contains a set of rules on the issue of workers within the EU.

One of the aims of setting up the Eurozone common market was to all for

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.

Europa (n.d. d) describing the single market and related policies stated that all borders between Member countries disappeared allowing the freely movement for goods, people and capital in order to stimulate industrial and economical extending within a large area. Grabtree (2007) researching the EU operation has found that the introduced unique currency called Euro has an advantageous impact on companies function and on economy in general. He stated that transfers became easier, costs more transparent and prices on goods became averaged in the whole union. Such strengthening of the economy brought stability and bright future. Moreover, because all economies became unified, countries gained the ability as a common body to overcome financial crises and agree on issues that mainly affect the economy. The Europa (n.d. e) also made a suggestion that such strengthening of economy made possible the financial help for poor regions that require the raising of life standard. Because of this reasons it is beneficial to a country to join the union.

The European Union (EU) was established in order to prevent the horrors of modern warfare, experienced by most of Europe during the World Wars of the 20th century, from ever ensuing again, by aiming to create an environment of trust with the countries of Europe cooperating in areas such as commerce, research and trade (Adams, 2001). The EU has evolved into an economic, trade, political and monetary alliance between twenty-eight European Member States. While not all Member States are in monetary union (i.e. share the currency of the euro), those that are form the ‘Euro-zone’ (Dinan, 2006). The EU can pass a number of types of legislation, with a regulation, act, or law, being the most powerful. Its ‘tricameral’ (European Union, 2007)