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Intra-EU share of EU international trade in services amounts to 57% in 2007
- Share to:
One of the major achievements of the European Union is the free movement of goods, services, capital and labour between the Member States. The Internal Market remains one of the Union’s most important and continuing priorities. Services are increasingly important in the Internal Market. They account for about 70% of gross value added and 69% of employment in the EU-27. In recent decades their importance to the EU economy has risen steadily. In order to achieve a genuine Internal Market for services, in December 2006 the European Parliament and the Council adopted Directive 2006/123/EC on services in the internal market (OJ L376, published on 27/12/2006). This Directive will have to be transposed by the Member States by the end of 2009. The main aim of the Services
Directive is to remove legal and administrative barriers to the development of service activities between Member States and to eliminate obstacles to trade in services, thus allowing the development of cross-border operations. The Directive will guarantee service providers more legal certainty in exercising two of the fundamental freedoms enshrined in the EC Treaty: freedom of establishment and freedom to provide services. This will make it easier for businesses to provide and use cross-border services in the EU.
Mushtaq HUSSAIN, Franca FAES-CANNITO - Personal Name
NONE
Economics
English
2008
1-8
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