European Union

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European Union

• Single European Market

Mustafa Üstünel
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Single European Market

• the largest market in the world
• significant contribution to European prosperity
  by stimulating intra-Community trade
• reducing its costs and increasing productivity

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Single European Market

• Established under the Single European Act
• Act signed in 1986 (and in force from July 1987)
• the process of European economic integration
• area without frontiers in which free movement of
  goods, services, people, and capital

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Single European Market

• The act was the first major revision of the
  Treaties of Rome. It provided for greater
  involvement of the European Parliament in the
  decision-making process, and the introduction of
  qualified majority voting in the Council of the
  European Union for some policy areas. In
  addition, it included provisions concerning
  collaboration in research and development and in
  environmental policy

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Single European Market

• Objective
• To abolish systematic controls at the boarders
  between the member states
• To remove all remaining physical, technical and
  fiscal barriers between the member states in
  order to achieve the establishment of the four
  freedoms of movement

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Single European Market

• THE FOUNDATIONS OF FREE MOVEMENT
• The principle of non-discrimination
• the EC Treaty, which prohibits "any
  discrimination on grounds of nationality" is one
  of the fundamental principles of the internal
  market. Discrimination is understood as meaning
  different treatment, on the basis of nationality,
  under the same circumstances. Under this
  provision, it is prohibited to treat imported
  goods differently to domestic goods

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Single European Market

• Mutual recognition
• the principle of non-discrimination, the
  principle of mutual recognition claims that the
  legislation of another Member State is equivalent
  in its effects to domestic legislation

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Single European Market

• Community legislation
• EC Treaty provides for "the approximation of the
  laws of Member States to the extent required for
  the functioning of the common market"

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Single European Market

• THE FOUR MAIN FREEDOMS
• Free Movement of Goods
• Free Movement of Persons
• Free Movement of Services
• Free Movement of Capital

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Single European Market

• Free Movement of Goods
• the abolition, in intra-Community trade, of
  customs duties and charges having equivalent
  effect in addition to quantitative restrictions
  in trade and measures having equivalent effect

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Single European Market

• Free Movement of Persons
• European citizenship
• right to move and reside freely within the
  territory of the Member States
• Schengen Agreement

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Single European Market

• Free Movement of Services
• provide services in another Member States
• set up and perform activity in another Member
  States

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Single European Market

• Free Movement of Capital
• prohibits all restrictions on capital movements
• Prohibits all restrictions on payments (payment
  for goods or services)

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Single European Market

• ACHIEVEMENTS
• Allowed the Community to eliminate physical
  barriers
• Freedom for citizens of its member states to live
  and work anywhere within the EU
• A common EU competition law controlling
  anti-competitive activities of companies
• Harmonisation of government regulations,
  corporations law and trademark registrations
• A single currency, the Euro

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Single European Market

• FUTURE
• the process set in will create a virtuous circle
  of more freedom, wider competition and higher
  growth.
• the introduction of the euro will create the
  impetus needed to complete the principle of free
  movement and that economic convergence

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European Union

• Single European Market

Mustafa Üstünel