THE SINGLE MARKET

Liguori Veronica

IV C

Five years later from the start of the Lisbon Strategy ,in March 22-23

2005 the european Council reviewed the objectives of the

strategy:Europe must become a more attractive place to invest and

work.

WE NEED

A better environment

for small and medium-size

businesses

To extend and

deepen the internal market

To spur investment

and innovation

The Directive on services in the internal market (Bolkestein Directive) is an initiative of the European Commission aimed at creating a single market for services within the European Union(EU), similar to the single market for goods already present.

Three pillars :• Freedom of establishment • Country of origin principle• Mutual assistance

Fritz Bolkestein

SINGLE MARKET LEGISLATION

Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) is European

Union law, regulation 1907/2006 of 18 December 2006. REACH covers the production and use of

chemical substances.It is the strictest law to date regulating toxic chemicals and will impact

industries throughout the world.

A common consolidated corporate tax base and its implementation. This will reduce a significant overhead to doing business in different countries, while leaving Member States free to set the corporate tax rate.

The Community patent, also known as the European Community Patent or EC patent, is a patent law measure being debated within the European Union, which would allow individuals and companies to obtain a unitary patent throughout the European Union.

Competition is of

foundamental importance

Member States must reduce

and redirect State aid

Eu business open global

markets

Necessary

DO IT BETTER!Better regulation

A better regulation produces better results:

– Better assessing the effect of new legislative/policy proposals on competitiveness, also through its Impact Assessment instrument.

– Drawing on outside expertise to advise on the quality and methodology of how to carry out impact assessments.

– The Commission will, therefore, launch a series of sectoral reviews with a view to identifying growth and innovation inhibiting obstacles in key sectors.

EUROPEAN INFRASTRUCTURE

The Single Market needs to be equipped with

modern infrastructure to facilitate trade and

mobility. The opening up of energy and other network industries must be fully implemented.