1. Why is the Commission publishing a new Single Market Strategy now?

The Single Market is Europes home market, crucial for growth and prosperity. It facilitates free movement of goods, services, people, and capital, providing stability and opportunities. Currently valued at €18 trillion, it significantly boosts the EUs GDP. The strategy aims to overcome fragmentation, enabling businesses to fully leverage the markets potential.

2. What makes the new Single Market Strategy different?

This strategy responds to global changes, emphasizing a new contract with businesses and citizens to enhance market integration, reduce barriers, and strengthen protections for workers and consumers.

3. What are the main measures proposed by the Strategy?

The Strategy targets key barriers like complex rules and fragmented regulations. It proposes digitalization, simplification, and sector-specific measures to support SMEs and foster competitiveness.

4. What are the 10 terrible barriers?

The Terrible Ten include complex business operations, fragmented rules, and delays in standard-setting. Addressing these will improve compliance and market access.

5. How will the strategy help to improve digitalisation in the Single Market?

The strategy promotes digital tools and procedures, enhancing access to information and simplifying administrative tasks, crucial for a seamless Single Market.