What is the single market?

10 October 2016

The single market is unified market encompassing all EU member states. Iceland, Liechtenstein, and Norway participate in the EU’s single market as parties to the EEA agreement, while Switzerland does so through a series of bilateral agreements with the EU.

The single market is based on the four freedoms: free movement of goods, people, services and capital between member states. It is underpinned by a single set of rules and the principle of mutual recognition of goods and services. The creation of the market is an ongoing process, especially in services.

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