Introduction:
EU stands for the European Union which was invented after the Second World War. The EU is a special economic and political partnership between 28 European countries together which covers more than half of the continent. EU purpose was to unite the european countries economically and politically and to bring peace to Europe (Europa.eu, N/A). EU was formed on April of 1951 by six countries which were France, Italy, Belgium, West Germany, Luxembourg and Netherlands. United Kingdom joined the EU on January 1973. On this year the United Kingdom started to follow EU law. Therefore, UK has three main sources of law which are statutory law (Act of Parliament), Case law and EU law. All of them could affect any business in various ways depend on business type, size, policies and etc. New countries which want to join EU must sign a treaty to become a member and to commit to their rules. There are five main bodies in EU: the Act Of Parliament, European Commission, European Council, Court of European Justice and Court of Auditors. Each body has its own specific things to be done (Keenan D. and Riches S., 2005). This report will discuss how United Kingdom’s membership of the European Union affects the business community, especially in the free movements, free trade, competition law and employment law.
Free Movements:
EU offers four free movements through its members state to promote their economy and assist businesses to improve. Movements are goods, services, capital and
This Essay will inspect the relationship between the EU and the UK including purposes behind the supremacy of the European Union (EU) laws and after that it will take a gander at the system of how does the UK offers impact to those laws and regardless of whether the UK parliamentary sovereignty represents an issue to this. The exposition will set up regardless of whether the EU law is without a doubt supreme and in the event that this is along these lines, on what premise is the EU law incomparable as there is no composed report, for example, treaties that expressly states EU law is incomparable however seemingly through standard international laws it might be questionable that the EU is supreme.
The EU market for goods is already highly integrated and harmonised along the 28 countries. However, to make the EU market work efficiently, businesses have to respect a number of rules and compete fairly. Anticompetitive behaviours, such as the abuse of a dominant market position, price-fixing agreements and unwarranted public support, are prohibited.
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).
The roots of the European Union can be traced back to the early 1950’s when a small number of countries made a decision to join together as a way to resolve any potential conflict nurture economic growth and common values across the continent. There was a desire to promote common values and membership was opened to all European countries. Since the inception the number of members has grown from a founding six countries to what we now know as the modern day EU with a current total of 28 countries with a further 8 countries under application review. In 1992, what was then a group of twelve countries, joined together to form the Customs Community Code which was eventually introduced in January 1993. The code effectively merged the individual customs regulations in to a single customs 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)
Third, there is the free movement of people. Since the Schengen Agreement (1990), which was followed by the Schengen Convention, came into force in 1995, controls on people at the internal borders of the Schengen Zone were abolished in order to harmonise controls at the external frontiers and to introduce a common policy on visas and other accompanying measures like police and judicial cooperation. Additionally, the right for European citizens to move freely within the Schengen Area is determined in the Charter of Fundamental Rights. Originally, a right of free movement across the EU was only envisaged for the working population, as a single market could not be achieved while limitations to workforce mobility remained in existence. In Articles 39 to 42 of the EC Treaty, the right for EU workers to move freely is fixed again explicitly. This “special” kind of freedom should also include that any discrimination based on nationalities between workers of the Member States, regarding employment, remuneration and other conditions of work and employment, is abolished. To sum it up, people have the right to live and settle freely and companies are authorized to recruit people they need anywhere in the
This report presents information on the Single European Market since its setting up in 1986 as an amendment of the Treaty of Rome, and the Single European Act (SEA) signed in 1987, which came into effect in 1992. It also covers how the internal market works. Moreover, it will analyse its successes, failures and recent changes. Finally, it will address the future prospects for expansion, further development in the relation to the Transatlantic Trade Investment Programme (TTIP) and UK membership.
The European Union was established by the Maastricht treaty in 1993. It provides an economic and political union between 28 European countries which makes its own policies in regards to the members’ societies, laws, economies and to a certain extent security. The European Union embodies the key principles of freedom, democracy, human rights and the rule of law as well as the values of equality, social solidarity, sustainable development and good governance (Knud 2013). There are many key articles within the EU including article three which states that it is the unions aim to promote peace the well being of there people and their values. Furthermore, article four highlights that in accordance with article five competences not conferred upon the unions remain with the member states. The EU institutions are responsible for employing over 40,000 people within the 28 member states. In addition, the European unions economy estimated at
When Poland joined the European Union legislation, it has led to wide-ranging reforms in economic regulation and has decreased government intervention in the private sector. Changes in areas such as financial markets, company and competition law, accounting, and intellectual property rights have improved the environment for private business and increased economic growth. The European Union trade policy and regulation sets the direction for trade and investment in and out of the European Union. There are four key trade policies that the EU is working towards. Firstly, to create a global system for fair and open trade. The World Trade Organization shapes a system of global trade rules that keeps the global economy open for trade as well as
The European Union’s main aim was create a business environment that’s united by harmonizing taxes and laws of companies, to form incorporated capital markets and endorse openness between counties during good and labor transfer. (Aswathapa, 2010)
The European union (EU) is an economic and political partnership involving partnership of 28 European countries (Austria , belguim ,Bulgaria , Croatia ,Cyprus , Czech republic ,Denmark ,Estonia ,finland ,france ,germany ,Greece ,hungary ,Ireland ,Italy,Latvia ,Lithuania ,Luxembourg ,malta ,Netherlands ,Poland ,Portugal ,Romania ,Slovakia ,slovennia ,spain ,Sweden ,united kingdom) which began after world war 2. The main idea of the union was that countries which trade together are most likely avoid going to war with each other.
Since the United Kingdom became a member of the European Union in 1973, former known as the European Economic Community, a big variety of changes in the legislation procedures relating to the custom duties, economy, free movement, and social security appeared.
One of the main objectives of the European Union (EU) is the establishment of the internal market, which shall consist of “area without internal frontiers in which the free movement of goods, persons, services and capital is ensured. The internal market is based upon a customs union achieved through the abolition of the imposition of customs duties and charges having an equivalent effect and the prohibition of discriminatory taxes on intra-EU imports. The internal market is enhanced by the provisions on free movement of workers, freedom of establishment, free movement of services, and free movement of capital. Whereas Articles 28 to 30 of the Treaty on the Functioning of the European Union (TFEU) provide for the establishment of an EU common external tariff and the elimination of customs duties, Articles 34 and 35 of the TFEU (with exceptions under Article 36) go further, and prohibit quantitative restrictions and measures having equivalent effect. Taken together, Articles 28 to 32 and 34 to 36 serve to ensure the free movement of goods within the EU and to facilitate the operation of the internal market.
The European Union (EU) is an intergovernmental organization of states that includes 28 countries that are spread over Western Europe and more recently includes some Eastern European countries as well. Shortly after World War II various countries and governments in Europe started to grow closer together to help strengthen themselves economically as well as make it much less likely that another world war would be much less likely to happen. Over time, these Western European countries grew closer together and the European Union was born. The member countries of the European Union are Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom. In the future the European Union will have to make some hard decisions on whether or not to join closer together militarily and also on how to react to emerging threats such as those posed by an antagonistic Russia which is becoming more powerful in the region. There is also much speculation on which, if any countries will join in the future or if the European Union will even be relevant in the future. With so many economies tied together it certainly makes a union on such a massive scale seem ripe for failure. In order to reduce the chance of war and increase the economic strength of European countries, the
When it was first founded in 1958, the European Union (EU) was a small organization of only six countries and was referred to as the European Economic Union. Created in the aftermath of World War II, they believed it’s first steps should be to foster economic cooperation between countries using the idea that “countries that trade with one another become economically interdependent and so more likely to avoid conflict.” Today, it has evolved into an organization, which includes 28 members, that spans across a variety of policy areas including health, environment, and external relations and security. The EU is based on the rule of law which states “everything it does is founded on treaties, voluntarily and democratically agreed by its member countries.” It is governed by the principle of a representative democracy. Citizens are directly represented at Union level in the European Parliament and Member States are represented in the European Council and the Council of the EU. Since the European Union’s founding over fifty years ago, there have been many changes and issues that have both positively and negatively impacted its existence. The most recent issues include persistent tension, economic depression, the rise of anti-EU, and a lack of leadership.