Lessons Learned from Years with Markets

The Major Benefits of Single Market. This meant that member countries could engage in free trade in any of the country without any barriers. This meant protecting the consumers too as they are the sole buyers of the goods. The procedure of assessment for each product is outlined in the product legislation, thus for a product to be allowed to the market it has to meet all the legislative requirements. If a product is found to cause health hazards, The Commission has the right to have it withdrawn from the market, recalled or it can apply sanctions to prevent any more circulation of the product. They also ensure there are enough tools to facilitate The Single Market Strategy. There is no countries will be able to engage in free trade without common units of measurements. Moreover, there were more clear guidelines on the units of measurements among EU countries. Harmonized sectors are have to follow the EU rules in order to trade comfortably but non-harmonized sectors are not subject to common EU rules, they mostly use have their own national rules.
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EU is also trying to fulfill various conditions in order to allow international trade to be effective. The Single Market allows companies to provide services to any of the EU countries, other than the one it was established or started.The Single Market has also seen to it that there is free movement of professionals
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For trade to be efficient there must be both goods and services involved, goods alone cannot run the economy. Just like any other market economy, if there is no competition, the consumer suffers the most.Efficiency has also improved in terms of the trade. This is because they all have to conform to the set standard measures before the manufacturers can be allowed to sell them in any of the EU members. This is because people are allowed to sell goods and provide services freely in any member countries without feeling like it is brain-drain. This ensures health protection for the consumer. For instance a kilo of Sugar in Germany, is the same as a kilo of sugar in Austria and they cost the same Euros. These are many countries that have come together to trade, if there were no barriers, sellers would be selling anything and buyers would also be buying anything. Single Market has also helped to increase specialization both in production of goods and services. The members are Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.