Single European Act

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Single European Act

Act intended to eliminate barriers on trade and capital flows between and among European countries.

Single European Act

An agreement among European Community members to gradually reduce tariffs and trade barriers with a goal of creating a Common Market in Europe. The Act aimed to unify trade and other laws among participating nations. It came into effect in 1987 and was replaced by the institutions of the European Union in 1993.
References in periodicals archive ?
Our Labour MPs describe themselves as pro-European, so we hope Kevin Brennan, Stephen Doughty, Anna McMorrin and Jo Stevens will support this Lib Dem amendment and keep Britain and Cardiff in the European Single Market.
Britain's Society of Motor Manufacturers and Traders, an automotive industry body, this week urged the government to agree on an interim Brexit trade deal, calling for Britain to keep membership of the European single market and customs union until a final Brexit deal has been inked.
If Britain says no, it can't get full access to the European single market.
Mr Johnson is now seen as a backer of a "hard Brexit", this week describing the European single market as "increasingly useless".
Tory MPs are divided between favoring a "hard Brexit" outside of the European single market to obtain complete control over immigration, or a "soft Brexit" where the UK remains in the free trade zone, but potentially has to comply with some EU rules.
His comments come ahead of the Conservative Party conference, beginning on Sunday, which looks set to be dominated by splits over whether to pursue a so-called "hard Brexit" outside the European single market or to remain in the free trade zone.
The economy will slow significantly in the near term, and medium-term growth prospects could be materially weaker if the UK failed to reach a new trade arrangement with the EU that allows it reasonably good access to the European Single Market.
He warns Britain that the European single market, to which Britain is expected to seek continued access "entails four freedoms (capital, goods, services, persons) and not three, or three and a half.
The UK's Business Secretary Sajid Javid has said that securing continued access to the European single market will be his "number one priority" in the negotiations over the country's exit from the European Union.
But if the UK leaves the European single market, many of these institutions will look to establish a new legal home base in cities such as Dublin, Paris and Frankfurt.
Fourthly, for the European Single Market to work effectively, there have to be common standards.
1) Proposal for a regulation laying down measures concerning the European single market for electronic communications

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