The European single market, also known as the European internal market or the European common market, is the single market comprising mainly the 27 member states of the European Union (EU).

The EU single market ensures free movement of goods, services, capital and persons within the EU. The capital markets union helps small businesses raise money.

The European single market is one of the EU’s greatest achievements. It has fuelled economic growth and made the everyday life of European businesses and consumers easier. Find information on the single market for goods, the single market for services, European standardisation and CE marking.

Jan 16, 2023 · The single market has helped turn the EU into one of the most powerful trade blocs in the world, on a par with other global trade powers such as the US and China. EU citizens benefit from high product safety standards and can study, live, work and retire in any EU country.

Sep 26, 2024 · Established in 1993, the EU single market is one of the greatest achievements of the European Union. It guarantees that goods, services, people and capital can move freely throughout the territory of the EU: the ‘four freedoms’.

Legislation on the single market for goods aims to ensure that products placed on the EU market meet high health, safety and environmental requirements and that products allowed to be sold in the EU can circulate without barriers to trade, keeping the administrative burden to a minimum.

Jan 29, 2025 · The 2025 Annual Single Market and Competitiveness Report analysing the strengths and weaknesses of the EU economy. It provides the analytical context for the Competitiveness Compass, an action plan that will reignite economic dynamism in Europe.

Aug 15, 2023 · The European Single Market is an entity created by a trade agreement among participating nations, including all of the European Union (EU) members and four non-EU countries that are members of the ...

Europe must act with more force and conviction to show that the single market brings social progress and can be beneficial for consumers, workers and small enterprises. For this reason, the European Commission adopted the Single Market Act – a series of measures to boost the European economy and create jobs.

Remove barriers to intra-EU trade and prevent the creation of new ones; Promote a business and consumer-friendly environment based on transparent, simple, and consistent rules offering a clear legal framework; See what other EU institutions are doing on single market

Already for 30 years now, the Single Market has fuelled economic growth and facilitated everyday life for European people and businesses. Furthermore, it contributes to making the European economy more resilient and supports the EU's digital and green transitions.

Nov 22, 2018 · Read about how the EU single market works: by allowing people, goods, services and capital to move more freely and through more integrated and deeper capital markets.

Oct 28, 2020 · The single market is one of the EU’s greatest achievements. It fuels growth and jobs and makes everyday life easier for people and businesses. Thanks to the single market (sometimes also called the internal market) people, goods, services and money can move around the EU almost as freely as within a single country.

On 1 January 1993, the then 12 Member States abolished border controls between each other, launching free movement of people, goods, services and capital. This infographic celebrates the single market's anniversary, looking at the history of the European Union (EU) in terms of macro-economic indicators as the number of Member States has grown.

Mar 15, 2023 · It gave EU businesses access to a domestic market of almost 450 million people, and it stimulated trade and competition, fuelled economic growth and brought wealth and cohesion for all Europeans. Nevertheless, as it turns 30, the single market remains a work in progress. Tear down the barriers!

Jan 18, 2023 · Since its creation in 1993, the single market has helped to make everyday life easier for people and businesses, fuelling jobs and growth across the EU. It ensures free movement of goods, services, capital and persons in a single EU internal market.

The Council approved a deal concluded between the German presidency and the European Parliament on the EU’s single market programme 2021-2027. The programme has a total budget of €4.2 billion and consolidates a wide range of activities that are currently financed separately.

Mar 8, 2016 · Putting it simply, the aim of EU rules is to make it as easy to trade between London and Lisbon as it is between London and Liverpool. Creating this single market (also known as the internal market and, originally, the common market) lies at the heart of the EU.

Jan 30, 2025 · This report aims to analyse the strengths and weaknesses of the EU economy and provide the analytical basis for the Competitiveness Compass, an action plan that aims to identify policy changes needed for Europe’s competitiveness to flourish and actions to reignite economic dynamism in Europe. The Annual Single Market and Competitiveness ...

The single market strategy is the European Commission’s plan to unlock the full potential of the single market. The single market is at the heart of the European project, It enables citizens to travel, live, work or study wherever they wish.

The Single Market is particularly important for small companies and start-ups, allowing them to attract investments to grow across the EU and globally. At the same time, the EU is making sure that these greater freedoms do not undermine fairness, consumer protection or environmental sustainability. The Single Market: What does it do for you?

Dec 9, 2024 · It allows for the free movement of goods, services, capital, and people within the EU, as if they were all part of a single country. The single market is built around four basic freedoms: the freedom of movement of goods, the freedom of movement of services, the freedom of movement of capital, and the freedom of movement of people.

Diagram of the EU digital single market and the facilitation of public services across borders. The term digital single market refers to the policy objective of eliminating national or other jurisdictional barriers to online transactions, building on the common market concept designed to remove trade barriers in other commercial fields. [1]On 6 May 2015, the European Commission, led at the ...

Jan 30, 2025 · Creating a single set of rules across the European single market “will help bring down the most common barriers to scaling up” for SMEs across the continent, said von der Leyen. Known as the ‘28th regime’, the new legislation will incorporate taxation, labour and corporate law, as well as insolvency in “one single and simple framework”.

3 days ago · “Being a member of the European single market is more far reaching than what Canada currently has, even under the CETA agreement, mainly because the single market includes not just the lack of ...

Feb 4, 2025 · The upcoming EU Single Market Strategy is a critical opportunity to reinforce the simplification, coordination, and efficiency needed to strengthen Europe’s healthcare ecosystem. By aligning policies, improving regulatory coherence, and fostering stronger public-private collaboration, Europe can unlock the full potential of medical technologies. A well-functioning …

Feb 4, 2025 · The EU Customs Union has been in place since 1968, but since the UK left the bloc, trade barriers have been erected which has added to costs for companies moving goods between the UK and Europe.

Feb 3, 2025 · According to the latest “VAT Gap” report published by the European Commission, value-added taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. (VAT) compliance decreased in 2022. The VAT compliance gap—the …

2 days ago · The panellists represented Business France; Flanders Investment & Trade and Trade Promotion Europe (TPE); The European Innovation Council; and SME United. The event also featured an exchange of best practices, with presentations from InnoHub Lithuania and the EU’s Intellectual Property (IP) Helpdesks, highlighting successful initiatives that ...

Jan 30, 2025 · The Growth Plan is facilitating Western Balkans’ closer links with the EU’s single market and provides for benefits already ahead of EU accession. Extending the EDIH network to Western Balkans is one of the Growth Plan’s measures that facilitates partners’ integration into the EU Digital Single Market and supports their digital ...