The Single Market in 21st Century Europe

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The Single Market in 21st Century Europe
Tom Diderich Internal Market and Services
Directorate General
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The Four freedoms

• An area without
• internal frontiers
• where
• persons
• goods
• services
• capital
• can circulate freely.

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The Single Market a success story

• 1993-2006
• approx.1 840 billion Euros in value added
• 2.75 million extra jobs (1.4 of total
  employment)
• (figures do not include Services, where there is
  a huge potential)

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• Photo Marc Riboux

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Todays challenges

• Enlargement from 12 to 27 members
• Shift towards a services economy
• Social and environmental challenges (ageing,
  climate change, energy)

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• the response
• A new approach to Single Market policy Making
  markets work better so that they bring effective
  benefits to all

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How to deliver the results?

• More evidence-based and impact-driven from an
  internal and external perspective
• A mix of tools more targeted and better enforced
• More decentralised and network-based
• More accessible and better communicated

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Empowering consumers

• Retail financial services
• Improve customers choice and mobility
• facilitate switching of bank accounts
• Improve financial literacy
• a basic bank account for everyone
• mortgage credits, transfer of credit data
• Strengthen consumer rights and redress
• New laws on consumer contractual rights
• Collective redress

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and businesses (esp. small firms)

• European Small Business Act for SMEs
• European Private Company statute

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Making Globalisation deliver for Europe

• Using the Single Market to defend the EUs
  competitiveness and promote its values at a
  world-wide level
• Expanding the competitive space of the Single
  Market
• Setting rules and standards worldwide
• Ensuring that benefits of trade reach EU
  citizens.

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Foster knowledge and innovation

• e-single marketset up e-invoicing,
  e-procurementavoid e-barriers
• Promote knowledge and innovation as the fifth
  freedom Mobility of researchers
• A modernised frameworks for e-communications,
  Intellectual Property Rights and fight against
  piracy.

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Improved partnerships with Member States

• Make the rules work on the ground
• Networking between national governments and
  exchanging best practices with applying Single
  Market rules
• Cooperation between administrations through IT
  networks offering translation facilities
• Better coordination and more visibility at the
  national level through promoting Single Market
  Centres
• Creating a single gateway to advice /
  problem-solving services

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Effective Problem Solving in the Single Market

• www.europa.eu/solvit

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Architecture

• ? A Single Market for 21st Century Europe 5
  Staff papers Review of achievements, Instruments
  , Market Monitoring, Retail Fin. Services,
  External Dimension
• ? Towards a new social vision
• ? Services of General Interest 3 staff papers
  Progress since 2004, FAQ State Aids, FAQ Public
  Procurement rules viz. Social SGI.

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To conclude

• The Single Market helps Europe to meet the
  challenges of the 21st century.
• It increases opportunities for people and
  businesses and brings concrete benefits.
• It is not just a means in itself it is a means
  to
• foster economic growth, which in turn
• can deliver more jobs,
• universal access to key services,
• Empower consumers,
• high social and environmental standards and
• high levels of investment in research and
  education
• to prepare for the future.

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• Thank you for your attention!
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• ? Questions ?
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• Tom.Diderich_at_ec.europa.eu