Wohoo 🙌

Looks like the 🇪🇺 single market turned 30! : 1993-2023 🎉

They’ve even shared a nice infographic of the achievements 🎂

https://op.europa.eu/en/publication-detail/-/publication/113b375f-ceb1-11ed-a05c-01aa75ed71a1

#eu #europeanSingleMarket #singleMarket #singlemarket30

Happy birthday : the single market turns 30! : 1993-2023.

The Single Market is the world's largest integrated single market area and one of the most outward-oriented economies in the world. It is a living valuable asset that we must continuously preserve and improve.

30 years of single market

Taking stock and looking ahead: an analytical contribution
This paper reflects on the achievements and challenges of the EU's single market 30 years after its establishment. It examines the progress made in integrating goods and services and removing barriers, it explores the role of the single market in driving EU resilience, and it highlights the need for a new momentum and stronger ambition to further develop the single market

https://op.europa.eu/en/publication-detail/-/publication/7133fd60-801e-11ed-9887-01aa75ed71a1

30 years of single market : taking stock and looking ahead : an analytical contribution.

The Single European Act (1986) represented a first comprehensive effort to making the EU Single Market a reality. It meant a widespread push to adopt common EU rules (instead of twelve different ones) in many areas, introducing hundreds of new pieces of legislation. In other areas, the principle of mutual recognition was introduced with Member States agreeing to give each other’s laws and technical standards the same validity as their own. The scale and ambition of the endeavour were unprecedented. Despite the Single European Act calling for completion of the Single Market by 1993, in practice it was only the beginning, rather than the end, of an ongoing process. The 30th anniversary of the Single Market in 2023 provides an opportunity to reflect on a potential new perspective and vision for the Single Market in the coming decade.Today, the achieved gains of the Single Market are widely recognised and documented (e.g. a recent estimate of the economic benefits of the Single Market highlights between 8% and 9% higher GDP on average for the EU). Still, a common message has emerged from EU industry over the last years: there is a need for a new momentum and a stronger ambition on the Single Market. The COVID-19 crisis and the Russian invasion of Ukraine have shown the fragility and risks to the integrity of the Single Market. At the same time, they have evidenced also the power of the Single Market and brought to light an additional role of the Single Market as Europe’s driver for resilience and transformation. The purpose of this paper is not to provide a comprehensive assessment of the Single Market and remaining obstacles, but rather an analytical contribution on the state of the Single Market 30 years after its establishment and the role of the Single Market as driver of EU resilience. Chapter 2 assesses developments in goods and services integration, examining both trade and cross-border establishment. In addition, progress in removing Single Market barriers is analysed, with a focus specifically on services. Chapter 3 explains the role of the Single Market as driver of EU resilience, based on case studies assessing the functioning of the Single Market in the areas of wind and solar technologies.

The "completeness" of the EU single market in comparative perspective

This publication provides a perspective on the progress of the EU's single market 30 years after its inception. By comparing the single market governance, economic flows, and political attitudes in the EU to those in the United States, this paper offers insights into Europe's progress towards completing its single market, as well as the potential benefits of further integration

https://op.europa.eu/en/publication-detail/-/publication/a237daba-8274-11ed-9887-01aa75ed71a1?pk_campaign=OPNewsletter_April2023&pk_source=EUP

The “completeness” of the EU single market in comparative perspective.

Thirty years after the 1992 deadline for “completing” the European single market, how can we judge Europe’s progress toward that goal? How should we estimate prospective gains from further steps? This paper argues that new insights on these questions can be generated by comparing Europe’s single market governance, economic flows, and some related political attitudes to the same conditions in the United States.

Single Market Emergency Instrument

Recent crises such as the COVID-19 pandemic have disrupted the normal functioning of the single market and Europe's economic activity. The Single Market Emergency Instrument builds on the lessons learned from these crises to ensure that Europe is better prepared to face possible emergencies in the future. Find out more about the instrument and its expected benefits in this factsheet

https://op.europa.eu/en/publication-detail/-/publication/fb7dc72d-9e36-11ed-b508-01aa75ed71a1?pk_campaign=OPNewsletter_April2023&pk_source=EUP

Single market emergency instrument : September 2022.

Recent crises such as the COVID-19 pandemic have disrupted the normal functioning of the Single Market and Europe’s economy. The Single Market Emergency Instrument builds on the lessons learned from these crises to ensure that Europe is better prepared to face possible emergencies in the future.

Removal of taxation-based obstacles and distortions in the single market in order to encourage cross border investment

This publication discusses the impact of the 27 different national tax systems in the EU on cross-border business activity in the EU single market. It explores current obstacles and offers perspectives on short and long-term solutions to counter them, offering valuable insights for policymakers seeking to encourage cross-border investment
https://op.europa.eu/en/publication-detail/-/publication/f44f4a42-19e7-11ed-8fa0-01aa75ed71a1?pk_campaign=OPNewsletter_April2023&pk_source=EUP

Removal of taxation-based obstacles and distortions in the single market in order to encourage cross border investment.

The coexistence of 27 different national tax systems in the European Union brings about significant obstacles to cross border business activity in the European Single Market. The objective of this study is to show the context and developments in European secondary law that have led to the current situation or, at least, have not yet resolved it. In addition, perspectives are shown as to how the described obstacles to cross border investment in the Internal Market can be countered both in the short and long term, both at the fundamental and also at the procedural or administrative level. This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies for the Subcommittee on Tax Matters (FISC).

Contribution to growth

The European digital single market aims to boost economic growth and to benefit citizens and businesses. This publication takes stock of the progress made towards achieving this goal through legislative measures and highlights areas that require further attention. It provides an overview of the economic benefits already realised and proposes candidate initiatives for the next legislative term
https://op.europa.eu/en/publication-detail/-/publication/ef9a4b55-1995-11eb-b57e-01aa75ed71a1?pk_campaign=OPNewsletter_April2023&pk_source=EUP

Contribution to growth : the European digital single market : delivering economic benefits for citizens and businesses.

Numerous legislative measures have been initiated or enacted in support of the overall achievement of a Digital Single Market (DSM). This study provides a brief stock-taking of what has been achieved in economic terms, of what remains to be done, and of candidate initiatives for the next legislative term. This document was prepared by Policy Department A: Economic and Scientific Policy, at the request of the Committee for the Internal Market and Consumer Protection.