The European Market

The European Market has been in a continuous development since 1993 when Jacques Delores founded the project of European Single Market. The concept of the project began in 1957 when the European Economic Community had established a new economic goal: a common market that would eliminate in time the trade barriers between the Member States.

The CEM means the elimination of taxes between the Member States the cancellation between states of obstacles of four freedoms: free movement of persons, goods, services and capital, free competition that will ensure the development of competition in the field and the most important thing, a common commercial policy of all Member States. The freedom of movement of goods, services, people and capital are supported by specific policies. Anti monopoly policy prevents the tendency of firms to control prices or environments and even competence. People can move freely and work in any country of the EU and the Member States recognize their academic and professional qualifications. Also, the governments of the Member States agreed to make decisions that affect the single market on the vote of the majority and not unanimity as this is harder to be achieved. The single market services sector was opened during time at a slower pace than the goods market. For example, there still are a range of national transport services that are still separate from the EU, especially in air transport or railways.

Since its emergence, the European Market has had as another major objective the competition of Europe on the international market. Today, 27 European countries form the European Union Market or also known as the European Single Market. These countries also have an important and major development prospective. The EU27 is an important area that ensures great development of the financial market and the constant evolution of the Europe provides many new business opportunities.