European Union internal market

E48486

core policy of the European Union economic area single market

The European Union internal market is a single, integrated economic area across EU member states in which goods, services, capital, and people can move freely under common rules and standards.

Aliases (8)

EU single market ×3
European Single Market ×3
EU internal market ×1
European Single Market area ×1
European Union internal borders ×1
European single market ×1
Single Market ×1
internal market of the European Union ×1

Statements (71)

Predicate	Object
instanceOf	core policy of the European Union → economic area → single market →
aimsTo	enhance economic efficiency → ensure free movement of goods, services, capital and persons → increase competition → promote economic integration → raise consumer welfare → support economic growth in the EU →
alsoKnownAs	EU single market → internal market of the European Union →
appliesIn	European Union member states →
basedOn	four freedoms →
completionTargetYear	1992 →
coordinatedBy	European Commission →
developedFrom	Treaty of Rome 1957 common market provisions →
enables	EU citizens to reside in other member states subject to conditions → EU citizens to work in any member state → cross-border provision of many services without separate authorisation → passporting rights for financial services firms within the EU →
guaranteesFreeMovementOf	capital → goods → persons → services →
hasChallenge	barriers in digital and network industries → implementation differences among member states → regulatory fragmentation in services →
hasComponent	capital market integration → goods market integration → labour market mobility → services market integration →
hasKeyProvision	Articles 26–66 TFEU →
hasPrinciple	mutual recognition of national rules → non-discrimination on grounds of nationality → proportionality of restrictions → subsidiarity in regulatory action →
historicalRoot	European Economic Community common market →
includesPolicyArea	capital movement liberalisation → competition policy → consumer protection rules → digital single market measures → financial services integration → free movement of workers → freedom of establishment → mutual recognition of professional qualifications → product safety and standards → public procurement rules → services liberalisation → social and labour mobility rules → state aid control →
influences	regulatory standards in neighbouring non-EU countries →
legalBasis	Treaty on European Union → Treaty on the Functioning of the European Union →
linkedTo	Schengen Area for border-free travel (with exceptions) →
monitoredBy	EU Single Market Scoreboard →
overseenBy	Court of Justice of the European Union →
policyObjective	create a level playing field for businesses in the EU → improve competitiveness of EU firms globally → reduce transaction costs for cross-border economic activity →
prohibits	quantitative restrictions on imports and exports between member states → restrictions on capital movements and payments between member states → restrictions on cross-border establishment of companies → restrictions on cross-border provision of services → unjustified barriers to intra-EU trade →
relatedTo	Customs union of the European Union → European Economic Area →
requires	harmonisation of technical standards in many sectors → removal of customs duties between member states →
strengthenedBy	Lisbon Treaty 2009 → Maastricht Treaty 1992 → Single European Act 1986 →

Referenced by (15)

Subject (surface form when different)	Predicate
European Union internal market ("EU single market") → European Union internal market ("internal market of the European Union") →	alsoKnownAs
CARICOM Single Market and Economy ("European Single Market") → CSME ("European Single Market") →	inspiredBy
European Union state aid rules →	appliesIn
Slovakia–Germany border ("European Single Market area") →	belongsTo
Treaty of Rome ("EU single market") →	foundationFor
Directorate-General for Competition ("EU internal market") →	hasJurisdictionOver
European integration ("Single Market") →	hasKeyFramework
EEC ("European Single Market") →	historicalPrecursorOf
CECA ("European single market") →	influenced
Treaty on the Functioning of the European Union →	legalBasisFor
French–Luxembourg border ("European Union internal borders") →	memberOf
Øresund Region →	partOf
European Union customs union ("EU single market") →	relatedTo