Internal Market, Industry, Entrepreneurship and SMEs

The Single Market: Europe's best asset in a changing world

The Single Market: Europe's best asset in a changing world
Published on: 22/11/2018
Today the European Commission presents a fresh assessment of the situation in the Single Market and calls on EU countries to renew their political commitment to the Single Market.

Over the last 25 years, the Single Market has made Europe one of the most attractive places to live and to do business. Its 4 indivisible freedoms – the free movement of people, goods, services and capital – have helped improve our citizens' prosperity and strengthen the EU's competitiveness. To exploit its full potential in the digital era and ensure sustainable growth of our economy, the Single Market needs to function properly and constantly evolve in a rapidly changing world. However, today, deeper integration requires more political courage and commitment than 25 years ago and greater efforts to close the gap between rhetoric and delivery.

Elżbieta Bieńkowska, Commissioner for the Internal Market, Industry, Entrepreneurship and SMEs, added: "The Single Market means freedom, opportunity and prosperity. But for people, services, products and capital to circulate freely – physically or online – we need everybody in the EU to play by the commonly agreed rules. We need effective and consistent enforcement. And just as we are resisting protectionism outside the EU, we should resist fragmentation inside the EU. We need to continuously uphold our Single Market to preserve our best asset for future generations."

The Commission highlights 3 main areas where further efforts are needed to deepen and strengthen the Single Market:

  • Swift adoption of proposals on table: The Commission has presented 67 proposals directly relevant for the proper functioning of the Single Market, 44 of which remain to be agreed. The Commission calls on the European Parliament and the Council to adopt the key proposals on the table before the end of this legislature. This includes relevant proposals to integrate digitisation and new technologies at the core of the Single Market, to ensure more secure and sustainable energy in Europe, and to build the Capital Markets Union (see factsheet, Overview of initiatives)
  • Ensure the rules deliver in practice: Citizens and businesses can only enjoy the many benefits of the Single Market (see factsheet on the Single Market) if the rules that have been jointly agreed actually work on the ground. The Commission calls on EU countries to be vigilant in implementing, applying and enforcing EU rules and refrain from erecting new barriers. For its part, the Commission will continue to ensure respect of EU rules across the board, from car emissions to e-commerce, from social media to the services sector, and much more besides.
  • Continue adapting the Single Market: Faced with growth gradually slowing down at global level and a changing geopolitical context, the EU needs to show leadership and political courage to take the Single Market to a new level. There is significant potential for further economic integration in the areas of services, products, taxation and network industries. It will make the EU even more attractive to international trading partners and provide it with additional leverage on the international stage.

The Commission is today also presenting an Action Plan on standardisation, which presents 4 key actions to increase the system's efficiency, transparency and legal certainty.

Removing bottlenecks to stimulate investment in the Single Market is also one of the key objectives of the Commission's Investment Plan, also known as the Juncker Plan. This is why today's Communication on the Single Market goes hand in hand with the Communication taking stock of what has been achieved under the Juncker Plan also published today.

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