{"id":132076,"date":"2023-03-20T10:30:53","date_gmt":"2023-03-20T09:30:53","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=132076"},"modified":"2023-03-20T10:53:49","modified_gmt":"2023-03-20T09:53:49","slug":"european-commission-sets-out-how-to-ensure-the-long-term-competitiveness-of-the-eu","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/european-commission-sets-out-how-to-ensure-the-long-term-competitiveness-of-the-eu\/","title":{"rendered":"European Commission sets out how to ensure the long-term competitiveness of the EU"},"content":{"rendered":"

\"supermercado<\/a><\/p>\n

On March 16, the European Commission published two communiqu\u00e9s celebrating the 30th anniversary of the single market and outlining how to ensure the EU’s long-term competitiveness<\/strong>. The internal market is undoubtedly the social and economic engine of the EU.<\/p>\n

For the single market to remain a key factor in the EU’s competitiveness, further integration and reduction of barriers, especially in services, will be necessary. In the current geopolitical context, the EU is at a critical juncture to successfully implement its twin green and digital transformations and remain attractive for business.<\/p>\n

The long-term vision for competitiveness describes how the EU can build on its strengths<\/strong> and achieve more than just addressing growth and innovation gaps. A forward-looking, well-defined and coherent EU system<\/strong> will foster thriving businesses that can compete in global markets, create attractive jobs and set global standards.<\/p>\n

Ursula von der\u00a0Leyen<\/strong>, President of the European Commission, said:\u00a0\u201cWith a war on our doorstep, with volatile energy prices, and massive clean-tech investments worldwide, Europe has to up its game. The Single Market has been our key asset to bring prosperity to our citizens and businesses but also to help us cope with crises such as the pandemic, Climate Change or the economic fallout of Russia’s war against Ukraine. We can be proud of it and we must do our utmost to preserve and reinforce its strength. We must also make sure that regulatory and administrative frameworks are responsive to business needs. In future we will be guided by a series of key performance indicators, which can tell us whether Europe’s economy is really becoming more productive and competitive. Because what gets measured gets done.\u201d<\/em><\/p>\n\n\n\n
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Council sets priorities for the EU budget for 2024<\/a><\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

SINGLE MARKET AT 30<\/h3>\n

Our Single Market is much more than a legal framework or just a market: it is an area of freedom, progress, opportunity, growth, shared prosperity, resilience, and a means of geopolitical projection. With 440 million citizens, 23 million businesses, 15% of global GDP, it is the world’s largest integrated single market area while remaining one of the most outward-oriented.<\/p>\n

The Single Market is the EU’s\u00a0key asset and driver of its competitiveness<\/strong>. For over 30 years, it has helped to improve the life of citizens, made business easier and brought substantial economic benefits by increasing European GDP by 9%. It is also the vehicle for accompanying and ensuring Europe’s green and digital transition. It is the source of the EU’s regulatory, financial and supply chain integration which helps build economies of scale and facilitates businesses to grow. The Single Market is an important factor of Europe’s economic resilience during crises and provides a crucial geopolitical lever that boosts the EU’s standing and influence in the world.<\/p>\n

However, the Single Market must continue to adapt to new realities and take account of the changing geopolitical environment, technological developments, the green and digital transitions and the need to boost the EU’s long-term competitiveness and productivity.<\/p>\n

A\u00a0collective effort,<\/strong>\u00a0based on joint ownership of the Single Market at EU and national level, is required to continue maintaining and deepening it, and harnessing its full potential.<\/p>\n

Looking ahead, first and foremost, a\u00a0renewed focus<\/strong>\u00a0is needed on:<\/p>\n