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 ?
The December Council meeting will focus on taking stock of its decisions taken in response to the migration crisis, the follow-up to the five Presidents' report on completing the Economic and Monetary Union, addressing the completion of the European single market, and the UK relations with the EU.
Speaking at the Maritime Cyprus conference in Limassol, Thomas Rehder, President of the European Community Shipowners' Association said that "as long as shipping is not as easy and straight forward as running a truck, we have not completed the European Single Market.
This is the beginning of the end of the world of the last few decades - of the economic assumptions of the West that were given validation by the end of the Soviet Union and the establishment of the European Single Market.
The European single market enables the North East to make the most of its excellent exports record.
Fourthly, for the European Single Market to work effectively, there have to be common standards.
Secretary of State for Scotland Alistair Carmichael MP said: "The European Single Market has been of immense benefit to businesses in Scotland and the rest of the UK.
The right mixture of policies could ensure that it will carry the same clout as Germany and France when it comes to actually taking constructive action in building up a European Single Market in energy production and distribution.
The stability of the European single market was vitally important to business as Britain pulls out from deep recession, he said.
If national parliaments all around the EU were regularly and unilaterally able to choose which bits of EU law they would apply and which bits they would not then the European single market would not work,a Hague said in a TV interview.
The new regulatory proposals to the achievement of a European single market for electronic communications demands "to empower the Commission to adopt implementing acts to harmonise spectrum availability, the timing of assignments and the duration of rights of use for spectrum" and to "ensure a consultation mechanism enabling the Commission to review draft national measures concerning the assignment and the use of spectrum" (European Commission, 2013b).
To supporters of the Brussels Consensus, this is simply the operation of the European single market bringing economic efficiency to overtaxed countries.

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