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Report on UK based Businesses trading across the EU 20 Procedures Using information from the course plus as many other sources to research I will look in 11Newspaper articles 12Internet 13Marketing materials 14Text books 15Company publicity materials 30 Findings 30Introduction The European Union was originally known as the European Economic Community and was a customs union which allowed the free movement of goods between member states On 1st January 1993 all barriers to the free movement of labour and capital were removed to create the Single European Market For holidaymakers from the UK to mainland Europe the most obvious effect has been that they can bring as much wine beer and cigarettes as they can carry For businesses it has meant The harmonisation of technical standards so that for example the rules governing safety standards in the UK also apply across the rest of the EU It is illegal for governments to favour local suppliers in awarding contracts Border controls have virtually disappeared between many countries Trade barriers in services such as banking and insurance have been eliminated 31Economic Theories relevant to the EU Economic theories are in place so everyone who is trading across Europe is treated fairly Below are the theories that are relevant to the EU Competition Policy Majority of the EU legislation is concerned with regulating the Single Market to produce a level playing field for companies operating across Europe Competition policy is a major part of the legislation underpinning the single market and can be traced back to the treaty of Rome It applies to all businesses operating in the EU Responsibility for ensuring that the rules are followed lies with the commission which has significant powers Finding a breach of competition rules the Commission may impose fines force changes to merger agreements and block state aid Such decisions can be challenged in the European Court of Justice
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