Advantages of Being Part of The Single Market.
This meant that member countries would comfortably buy goods and services from across borders and sell them to any other member countries without having to deal with legal formalities of that particular country.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.The EU provides the required materials such as the infrastructures, clear rules, streamlined procedures, to ensure that the market surveillance is able to enable them enforce EU legislation. There is no countries will be able to engage in free trade without common units of measurements.
The Commission, in 2008 came up with the New Legislative Framework that had clear rules for the accreditation of conformity assessment bodies as well as rules that better protected the consumers and workers from unsafe products in the market, including the imports from non-EU countries.The Commission has to take charge in both harmonized sectors and non-harmonized sectors.
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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. The services provided must also meet the required standard. 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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EU allows retail and wholesale service sectors to operate in their countries. Competition, ensures that the goods and services are of high quality, the prices are fair, the goods are readily available, and sellers and service providers make maximum profits. 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. At the same time, even imported products too have to conform to these standards, thus the consumers are well protected.
EU has also seen a rise in technological innovations among the Single Market Economy. This is because the product that are sold in all EU markets are of the same quality at any given time, then they have been tested and certified.In addition, since EU nations use a common unit of measurement, this makes sure the products that are in the markets are of a similar quantity.
The legislation rules has helped to see no harmful products can access the markets such as drugs. 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 non-members are Iceland, Liechtenstein, Norway and Switzerland.