Case Study: My Experience With Trades

Advantages of Being Part of The Single Market. This meant that member countries would comfortably buy goods and services from across borders and sell them to any other member countries without having to deal with legal formalities of that particular country. It was also charged with the role of conformity assessment to determine which manufacturers goods were fit for market and which ones were not.This helps to ensure the unsafe products do not get their into the market. This is why it is charged with the role of market surveillance and the general public environment that is secure and fair in trade activities, this ensures that there is no unhealthy competition among businesses.The EU provides the required materials such as the infrastructures, clear rules, streamlined procedures, to ensure that the market surveillance is able to enable them enforce EU legislation. 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. Also the framework was able to clarify the meaning of CE marking and increase its credibility among member countries. Harmonized sectors are have to follow the EU rules in order to trade comfortably but non-harmonized sectors are not subject to common EU rules, they mostly use have their own national rules.
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EU is also trying to fulfill various conditions in order to allow international trade to be effective. The Single Market allows companies to provide services to any of the EU countries, other than the one it was established or started. Thus the professionals are able to move and provide services abroad.
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This is because service sector is also a boost to the economy.Therefore, Single Market stimulates competition and trade. 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. This is because they all have to conform to the set standard measures before the manufacturers can be allowed to sell them in any of the EU members. This is because people are allowed to sell goods and provide services freely in any member countries without feeling like it is brain-drain. This ensures health protection for the consumer.In addition, since EU nations use a common unit of measurement, this makes sure the products that are in the markets are of a similar quantity. The whole reason as to why Single Market has to do the quality checks for its product is to protect the environment. Single Market has also helped to increase specialization both in production of goods and services. The non-members are Iceland, Liechtenstein, Norway and Switzerland.