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Advantages of Being Part of The Single Market. This meant that member countries could engage in free trade in any of the country without any barriers.A Commission was formed whose main goal was to ensure free movement of goods within the markets. This means conformity assessment is done way before the goods can get to the market and includes testing, inspection and certification. The Commission has to ensure that the non food products on the EU market do not cause health hazards to the consumers and workers. They also ensure there are enough tools to facilitate The Single Market Strategy.There is no market that can function without units of measurements such as Kilograms, Grams and Metre. Also the framework was able to clarify the meaning of CE marking and increase its credibility among member countries. Non-harmonized are mostly for non-members of EU who still trade with EU countries such as when US trades with any EU country it automatically becomes a non-harmonized sector.
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To be able to trade internationally The single Market has to also learn the dos and don’ts of that large market, because EU on its own cannot survive, not all goods and services can be available, the more its able to learn the rules and comfortably trade international the better.Service provision is also part of trade. It also allows professionals from other countries to travel and stay in any of the EU countries and provide their services there.
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This is because service sector is also a boost to the economy. Just like any other market economy, if there is no competition, the consumer suffers the most. Since there are so many rules and standards that have to be met before a product can be allowed to the market, this has made goods and service delivery efficient. 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. EU has also seen a rise in technological innovations among the Single Market Economy.With so many standardization having to be met before a product can make it way to the market, this means that no health hazard products are allowed in the EU markets. For instance a kilo of Sugar in Germany, is the same as a kilo of sugar in Austria and they cost the same Euros. The whole reason as to why Single Market has to do the quality checks for its product is to protect the environment. Specialization in a line of production leads to perfection, that means your flowers will be the best in the market and everyone will be looking out for them, thus increased sales and profits. 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.