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The Major Benefits of Single Market. The European Union came up with The Single Market Strategy of removing all the internal borders and regulatory obstacles within its member countries to enable free movement of goods and services.A Commission was formed whose main goal was to ensure free movement of goods within the markets. The procedure of assessment for each product is outlined in the product legislation, thus for a product to be allowed to the market it has to meet all the legislative requirements. If a product is found to cause health hazards, The Commission has the right to have it withdrawn from the market, recalled or it can apply sanctions to prevent any more circulation of the product. They also ensure there are enough tools to facilitate The Single Market Strategy. Since these are various countries trading together they need to have common units of measurements which includes even the currency used, this is what is referred to as legal metrology. 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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EU is also trying to fulfill various conditions in order to allow international trade to be effective.Service provision is also part of trade. 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.Single Market has helped to raise quality of goods and services that are brought to the market. This is because people are allowed to sell goods and provide services freely in any member countries without feeling like it is brain-drain.With so many standardization having to be met before a product can make it way to the market, this means that no health hazard products are allowed in the EU markets. This means you can comfortably buy goods in any of the EU markets at same price for same quantities. 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.