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A European Single Market for All

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Often perceived to be an affair of big business' only ... Ensuring that benefits of trade reach EU citizens. Make the rules work on the ground ... – PowerPoint PPT presentation

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Title: A European Single Market for All


1
A European Single Market for All
Jacqueline Minor, Director, Horizontal Policy
Development, Directorate General For the Internal
Market and Services European Commission
2
  • What is the Single Market?
  • Why a review of Single Market policy?
  • The Single Market in 21st Century Europe
  • A shift in focus

3
The Four freedoms
  • An area without
  • internal frontiers
  • where
  • persons
  • goods
  • services
  • capital
  • can circulate freely.

4
The Single Market a success story
  • 1993-2006
  • over 1 000 billion Euros in value added (2.2 of
    GDP)
  • 2.75 million extra jobs (1.4 of total
    employment)
  • (figures do not include Services, where there is
    a huge potential)

5
  • Photo Marc Riboux

6
Then, and now
  • Enlargement larger and more diverse EU
  • Globalisation
  • New technological developments
  • Changing social and environmental context
    (ageing, climate change, energy)
  • Need to reconnect with citizens

7
Consultation results
  • Wide support for the Single Market
  • But
  • Often perceived to be an affair of big business
    only
  • Citizens / businesses unaware of the Single
    Markets potential, and insufficiently
    empowered to make full use of it
  • Concerns about the globalisation
  • Application enforcement of rules at the
    national level leaves much to be desired

8
the response a new approach to Single Market
policy
  • More impact driven policy, focusing on markets
    where biggest problems remain and on real
    benefits for all (example retail financial
    services)
  • Responding better to globalisation using the
    Single Market to defend the EUs competitiveness
    and promote its values at a world-wide level
  • Make the Single Market work better in practice
    through improved partnerships with Member
    States

9
Delivering for consumers
  • Retail financial services
  • Mortgage credits
  • Improve customers choice and mobility (e.g.
    facilitate switching of bank accounts)
  • Improve financial literacy
  • Strengthen consumer rights and redress
  • New laws on consumer contractual rights
  • Collective redress

10
and businesses (especially small firms)
  • European Small Business Act for SMEs
  • European Company statute

11
Facing up to globalisation
  • Europe can be a winner
  • Expanding the competitive space of the Single
    Market through more better targeted free
    trade agreements
  • Expanding the EUs regulatory reach setting
    rules and standards worldwide
  • Ensuring that benefits of trade reach EU citizens

12
Make the rules work on the ground
  • A renewed partnership to make the Single Market
    work
  • Improving networking between national governments
    and exchanging best practices with applying
    Single Market rules
  • Improving cooperation between administrations
    through IT networks offering translation
    facilities
  • Ensuring better coordination and more visibility
    at the national level through promoting Single
    Market Centres
  • Creating a single gateway to advice /
    problem-solving services

13
  • www.europa.eu/solvit

14
Services of General Interest (SGI)
  • Essential for daily life ensure social, economic
    and territorial cohesion
  • The Single Market helps to ensure that citizens
    have access to high-quality, accessible and
    affordable SGIs
  • Continue pragmatic approach modernise where
    necessary, provide guidance, monitor effects

15
To conclude
  • The Single Market equips Europe to meet the
    challenges of the 21st century.
  • It increases opportunities for people and
    businesses and brings concrete benefits.
  • It is not just a means in itself it is a means
    to
  • advance the interests and values of Europeans in
    an area of globalisation
  • foster economic growth, which in turn
  • can deliver more jobs,
  • universal access to key services,
  • high social and environmental standards and
  • high levels of investment in research and
    education to prepare for the future.
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