- published: 21 Jun 2016
- views: 5630
A common market is usually referred to as the first stage towards the creation of a single market. It usually is built upon a free trade area with relatively free movement of capital and of services, but not so advanced in reduction of the rest of the trade barriers.
A single market is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise and services. The goal is that the movement of capital, labour, goods, and services between the members is as easy as within them. The physical (borders), technical (standards) and fiscal (taxes) barriers among the member states are removed to the maximum extent possible. These barriers obstruct the freedom of movement of the four factors of production.
A unified market is the last stage and ultimate goal of a single market. It requires the total free movement of goods, services (including financial services), capital and people without regard to national boundaries.
The European Union's (EU) internal market, also known as the EU Single Market, is a single market that seeks to guarantee the free movement of goods, capital, services, and people – the "four freedoms" – between the EU's 28 member states.
The internal market is intended to be conducive to increased competition, increased specialisation, larger economies of scale, allowing goods and factors of production to move to the area where they are most valued, thus improving the efficiency of the allocation of resources.
It is also intended to drive economic integration whereby the once separate economies of the member states become integrated within a single EU wide economy. Half of the trade in goods within the EU is covered by legislation harmonised by the EU.
The creation of the internal market as a seamless, single market is an ongoing process, with the integration of the service industry still containing gaps. It also has an increasing international element, with the market represented as one in international trade negotiations.
I know I'm not a news channel, but this video is mainly to educate on a lot of misconceptions about the EU Referendum. (though its a overly simplified version, the points still stand.) I recommend that you check each of these videos out, for both "Brexit" and "Remain" and come to a conclusion that makes sense. Sources: Brexit: https://www.facebook.com/theguardian/videos/10154262380116323/?pnref=story - https://www.youtube.com/watch?v=UTMxfAkxfQ0 https://www.youtube.com/watch?v=wbXdDJ3phu0 Paul Joseph Watson makes some very good points here also to vote Brexit: https://www.youtube.com/watch?v=rNJ05NfM-4Y Remain: https://www.facebook.com/UniversityofLiverpool/videos/1293361974024537/ - https://www.youtube.com/watch?v=iAgKHSNqxa8 https://www.facebook.com/theguardian/videos/1015426238011632...
26,836 citizens in 27 EU Member States have been interviewed for the latest Eurobarometer survey on the Single Market. Their views are summarized in this video. The full results of the survey are available at: http://ec.europa.eu/internal_market/strategy/index_en.htm#20concerns
EuroparlTV
The Single Market is one of Europe’s great achievements. It allows products and services to move freely across the EU. It enables people to live, work, travel and study where they wish and ensures that the products you buy are subject to the same high safety and environmental standards. But not all of the opportunities agreed on paper have become a reality yet. And with the world around us changing, innovative ideas and innovative business models must find their place too. So it's time to give the Single Market a boost. http://ec.europa.eu/priorities/internal-market/index_en.htm
See Michael Dougan, along with our team of EU law experts at the Liverpool Anglican Catehdral on Sunday 30th October. For more details see the event: https://www.facebook.com/events/912775055521937/ Professor Michael Dougan from the EU Law @ Liverpool team explains what the single market is, and why leaving it would leaving will present enormous challenges to the UK economy. See: https://www.facebook.com/EULawAtLiverpool/ https://twitter.com/livuni_EULaw
Peston on Sunday 26 March 2017 You can view my blog here: https:imincorrigible.wordpress.com My other YouTube channels search for: "Still Incorrigible" & "Incorrigible Forever"
An EU law video lecture on Article 30 TFEU that prohibits customs duties when goods cross a border. The lecture also briefly examines Article 110 on internal taxation. Watch the second part at: https://www.youtube.com/watch?v=AKKrystHa9M
Jacob Reese-Mogg explains how remaining in the EU single market is effectively remaining in the EU.
The single market is an ambitious, wide-reaching trade agreement between EU member states. Here's everything you need to know, in 90 seconds. Get the latest headlines: http://www.telegraph.co.uk/ Subscribe: http://www.youtube.com/subscription_center?add_user=telegraphtv Like us on Facebook: http://www.facebook.com/telegraph.co.uk Follow us on Twitter: https://twitter.com/telegraph Follow us on Google+ https://plus.google.com/102891355072777008500/ Telegraph.co.uk and YouTube.com/TelegraphTV are websites of The Daily Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.
Former deputy Prime Minister Nick Clegg argues over the Single Market with economist Patrick Minford. Broadcast on The Daily Politics, 28 April 2016.
EuroparlTV
Holyrood debate the SNPs posturing motion on the EU single market
EU single market membership may hamper UK trade deals
MEP of the year 2014 Chris Davies explains why the EU Single Market matters.
The aim of this video is to show the impact of the European Union in Kraslava, which is mostly apparent in the regional and cohesion policy, and in the EU single market. The attitude of Kraslava inhabitants towards the European Union is mentioned as well.
Session 1: Role of EU Single Market in the digital economy A two-day Informal Meeting of Competitiveness Ministers was held on 26-27 March, 2015 in Riga. It brought together ministers of the European Economic Area in charge of internal market and industry, representatives from the European Commission, General Secretariat of the Council and the European Parliament. Discussions were be organised in three sessions covering the role of EU Single Market in the digital economy, digitalisation of industry and digital entrepreneurship issues.
Conference in Riga, Latvia, organised by the foundation for the european reform "New Direction" and MEP Roberts Zīle. Slideshows - http://www.robertszile.lv/2016/11/cina-ar-socialo-dempingu-ir-aizsegs-rietumvalstu-centieniem-ierobezot-konkurenci-savos-tirgos/
Conference in Riga, Latvia, organised by the foundation for the european reform "New Direction" and MEP Roberts Zīle. Slideshows - http://www.robertszile.lv/2016/11/cina-ar-socialo-dempingu-ir-aizsegs-rietumvalstu-centieniem-ierobezot-konkurenci-savos-tirgos/
NEW - The Nigel Farage Show - 2 Hour Brexit - Theresa May - Donald Trump - EU Single Market Special - 17/01/2017 Exclusive to LBC - Nigel Farage debates and speaks about Theresa May's greatly anticipated Brexit speech. Theresa May made it perfectly clear that the United Kingdom would not remain part of the European Single Market and wants a bespoke British deal within the Customs Union. With Britain's vote to Leave the European Union on June 23rd 2016, the British Prime Minister, Theresa May seems to be saying all the right things. Would you agree? If the UK does in fact leave the EU Single Market once Article 50 of the Treaty of Lisbon has been triggered, by the end of the negotiation period in 2019 (without being blocked by MP's in a UK Parliamentary vote) Britain will be totally fre...
Session 3: Digital Entrepreneurship. A two-day Informal Meeting of Competitiveness Ministers was held on 26-27 March, 2015 in Riga. It brought together ministers of the European Economic Area in charge of internal market and industry, representatives from the European Commission, General Secretariat of the Council and the European Parliament. Discussions were be organised in three sessions covering the role of EU Single Market in the digital economy, digitalisation of industry and digital entrepreneurship issues.
Session 2: Digital transformation of industry. A two-day Informal Meeting of Competitiveness Ministers was held on 26-27 March, 2015 in Riga. It brought together ministers of the European Economic Area in charge of internal market and industry, representatives from the European Commission, General Secretariat of the Council and the European Parliament. Discussions were be organised in three sessions covering the role of EU Single Market in the digital economy, digitalisation of industry and digital entrepreneurship issues.
UK's PM Theresa May draw her Brexit strategy, offering more of what the market already knew: the UK won't retain "bits" of EU membership, meaning that they will leave the EU Single Market, although she also said that she wants the best agreement possible within the EU. Quite contradictory words that hardly support the case of a bullish GBP/USD. Beyond the UK, the American dollar is in trouble across the board, and despite the greenback pared losses as risk-averse sentiment seems to be eased, and interim top has been set, and further declines could be expected during the upcoming days. FXStreet Chief Analyst Valeria Bednarik explains her vision on the Forex market and she makes the forecast for the most important events for the week. Weekly Show: Tuesday at 11:30 GMT; 6:30 ET.