The European Market: Success or Obstacle to Integration?

The single market is one of the greatest achievements of the European Union. The restrictions on trade and free competition between Member States have been progressively eliminated, which has led to an increase in the standard of living. The Treaty establishing the European Economic Community was the one that made it possible to eliminate customs barriers within the Community and establish a common customs tariff that would apply to goods from non-EU countries. The single market has not yet become a unique economic space. Some sectors of the economy (public services) are still subject to national laws. The Member States of the EU still assume most of the powers in taxation and social welfare. The single market is supported by a series of related policies, established by the EU over the years. These policies help to ensure that the liberalization of markets is beneficial for as many companies and consumers as possible.