The Single European Market Essay

Not only was a decision made to create the EMU but the governments of the member states also signed on creating a political union for “an ever closer union among the peoples of Europe”. The discussion within the negotiations on the Maastricht Treaty focused on themes like the role of the European Parliament, establishing a European citizenship, the development of new common policies such as culture and interior affairs and the creation of a common foreign

The Union initially developed from the European Coal and Steel Community Treaty by the founding countries which was signed in Paris in 1951. It was created for the free movement of coal and steel among countries with the free access to sources of production. The Treaty expired on 23rd of July 2002 (Europa.eu, 2010). This Treaty was very successful as it created better relationships between member countries, which lead the countries to sign the Treaty of Rome on the 25th of March 1957. The Treaty of Rome

The Internal Market of the European Union (EU) is one of Europe’s significant achievements and its greatest resource in times of modern globalisation. Since its creation in 1993, the Internal Market has opened itself more to competition, created jobs and reduced many trade barriers. It is the principal instrument for building a stronger and fairer economy in the EU. It assures the free movement of people, services, goods and capital, and by doing so, creates fresh opportunities for businesses and consumers. The Treaty on the Functioning of the European Union adopts measures with the aim of combining national markets in a single market with the characteristics of a domestic market. The vision is that it should be as easy to trade between London and Madrid as it is between London and Manchester.

The Treaty on European Union also known as the Maastricht Treaty was signed in Maastricht 7th of February 1992 and the Treaty on the functioning of the

The UK joined the European Economic Community in 1973. When the EU was formed in 1993, the European Economic Community was renamed the European Community and added into the EU’s systems. There was never a formal vote on whether or not the UK should join the EU, but any sort of polling having to do with it yielded support for the movement.

The European Union is one of the most famous Economic blocs in our recent times. It is the culmination of efforts after the devastating Second World War. It currently includes 28 states with varied cultural and historical backgrounds and even different languages. It now has more than 30 separate international trade agreements with many countries such as Colombia and South Korea (Encyclopedia of Management).

A very important advantage is that Each European Citizen has the right to live, work and study in each member state. Free movement of workers is a fundamental right which permits nationals of one EU Member State to work in another Member State under the same conditions as that Member State’s own citizens. This is an important instrument to make sure people can develop their skills in the best possible way (Winkler, 2008).

One of the objectives of the creation of the European Union was to develop a single market and remove trading barriers so there would be standardisation of technical regulations and convergence of conditions between European markets. With this in mind, it saw the need for employers and employees to work together in order to achieve this.

The Second World War is considered to be the bloodiest conflict in the history of mankind with over 60 million deaths in a span of six years. After the end of the war in 1945, many people, Europeans, were determined to prevent any more bloodshed and destruction of that scale from happening again. The first step towards communion between the European countries was to implement economic cooperation. Economic cooperation is the cooperation between countries in terms of imports or exports of goods and borrowing or lending of capital and payments. This soon led to the creation of the European Economic Community (EEC) in 1958. This increased economic cooperation between Germany, France, Italy, Luxembourg, the Netherlands and Belgium. Over time, this economic union became an organization that was involved in the environment and aid. The EEC soon changed its name to the European Union (EU). So far, the EU has been successful in maintaining peace in Europe. It has brought many benefits to its member state. Since its creation, peace has been maintained and outbreak of a war has been prevented. The Lisbon Treaty came into effect in 2009 and was signed by 13 of the EU’s member states. The states benefited from a common foreign and security policy. The civil and political rights of its citizens are being protected under the European Court of Human Rights. However in the economic field, the EU has some problems. The Eurozone Crisis showed the inability of the member states to manage

In the aftermath of the 1957 Treaty , the European Economic Community (EEC) was established and customs barriers between the member states have been abolished. Member States throughout the Community, can “promote a harmonious development of economic activities, a continuous and balanced expansion, an increased stability, an accelerated raising of the standard of living and closer relations between them”. Therefore, in order for a common market to be established between Member States, the Community enacted some legislative provisions which aimed to a true harmonization of laws; incorporate different legal systems under a basic legal framework. The main issue arising is whether these legal provisions in accordance with the case law, ensured the free movement of goods within this market.

One of the main objectives of the European Union (EU) is the establishment of the internal market, which shall consist of “area without internal frontiers in which the free movement of goods, persons, services and capital is ensured. The internal market is based upon a customs union achieved through the abolition of the imposition of customs duties and charges having an equivalent effect and the prohibition of discriminatory taxes on intra-EU imports. The internal market is enhanced by the provisions on free movement of workers, freedom of establishment, free movement of services, and free movement of capital. Whereas Articles 28 to 30 of the Treaty on the Functioning of the European Union (TFEU) provide for the establishment of an EU common external tariff and the elimination of customs duties, Articles 34 and 35 of the TFEU (with exceptions under Article 36) go further, and prohibit quantitative restrictions and measures having equivalent effect. Taken together, Articles 28 to 32 and 34 to 36 serve to ensure the free movement of goods within the EU and to facilitate the operation of the internal market.

People have created unions many times but not all of them were successful, specifically when we consider alliances among number of countries with different economics, political systems and culture. For instance, last century brought both the biggest collapse and the most promising union in the modern history. Although U.S.S.R has disappeared from geographical maps, some of its members joined another alliance. The European Union (EU) is an economic and political partnership that united 28 countries on the European part of Eurasia and represents a unique form of cooperation among members today.

The European Union (EU) was established in order to prevent the horrors of modern warfare, experienced by most of Europe during the World Wars of the 20th century, from ever ensuing again, by aiming to create an environment of trust with the countries of Europe cooperating in areas such as commerce, research and trade (Adams, 2001). The EU has evolved into an economic, trade, political and monetary alliance between twenty-eight European Member States. While not all Member States are in monetary union (i.e. share the currency of the euro), those that are form the ‘Euro-zone’ (Dinan, 2006). The EU can pass a number of types of legislation, with a regulation, act, or law, being the most powerful. Its ‘tricameral’ (European Union, 2007)

The Union shall establish an internal market. It shall work for the sustainable development of Europe based on balanced economic growth and price stability,

With the effect of the Single European Act on 1st July 1987, the emergence of European Union (EU) as a common market has essentially been created. The benefits of this act are substantial to European firms, economies, and workers. It eliminates conflicting national regulations and trade barriers, as well as offering firms opportunity to sell their goods to all other EU members (Griffin & Pustay 2005).