30 years of the European Single Market

01/13/2023

The Single Market was created on January 1, 1993. It followed the signing of the Maastricht Treaty on February 7, 1992. Originally, 12 EU countries made up the single market: Belgium, Denmark, Germany, Ireland, Greece, Spain, France, Italy, Luxembourg, the Netherlands, Portugal and the United Kingdom. Today, the single market includes 27 member states plus Iceland, Liechtenstein and Norway, with Switzerland having partial access. This year, the EU celebrates the 30th anniversary of its Single Market, which enables the free movement of goods, services, people and capital within the EU.

In 30 years, the Single Market has led to unprecedented market integration between the economies of member states, serving as an engine for growth and competitiveness and underpinning Europe's economic and political power on a global scale.

More recently, the Single Market has been instrumental in helping Europe overcome various crises. Preserving and strengthening the integrity of the single market will continue to be crucial in the future to ensure that Europe can respond to new challenges in a coordinated manner and further promote the competitiveness of European economies.

Thanks to the Single Market, the EU has succeeded in improving the lives of all Europeans, including by:

  • accelerating the transition to a greener and more digital economy
  • ensuring high levels of security and world-leading technological standards

To ensure that the Single Market remains a common good that benefits everyone in the EU, the Commission is continuously working to develop it in new areas and ensure that the rules already in place work in practice. To this end, the Commission works closely with Member State authorities, who share responsibility for the effective enforcement of Single Market rules.

In December 2022, to kick off the series of events celebrating 30 years of the Single Market, the Commission presented an analysis paper on the state of the Single Market 30 years after its creation and its role as a driver of EU resilience.
During 2023, there will be numerous debates, exhibitions and campaigns organized with stakeholders across the EU to promote the achievements of the Single Market and engage citizens in discussions about its future.

For more information on the European Single Market, see here . https://youth.europa.eu/discovereu_dehttps://www.bayreuth.ihk.de/system/vst/4214258?id=369929&terminId=633694https://ec.europa.eu/commission/presscorner/detail/en/QANDA_21_4614

Source: European Commission

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