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European Parliament - EPRS Policy podcasts

Understanding the Single Market for services

European Parliament - EPRS Policy podcasts

European Parliament Webmaster

Non-profit, Government & Organizations

4.813 Ratings

🗓️ 29 September 2016

⏱️ 8 minutes

🧾️ Download transcript

Summary

Despite significant progress made, the Single Market for services is not fully integrated yet. Trade in services has been more resilient to the economic crisis than trade in goods and many see further potential for its delivery of economic growth in the EU. Find out about the main current issues and possible steps towards further integration in our podcast.

Source : © European Union - EP

Transcript

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0:00.0

You're listening to European Parliamentary Research Service podcast on the Single Market for Services.

0:09.7

Like the free movement of goods, the freedom to provide services across the EU is one of the core principles of the single market.

0:18.0

But despite many barriers having been removed since the liberalisation effort started

0:22.1

in the 1980s, it is still easier to move a crate across Europe than it is to move in a

0:26.9

continent or a car mechanic.

0:28.5

Want to know why?

0:29.5

Join us on the analysis of the single market for services.

0:33.8

Services account for over 70% of Europe's output and a similar share of jobs, but for only a fifth of the EU's internal trade.

0:41.7

The smaller size of the intra-EU market for services, as opposed to goods, may be due to the fact that many services are less tradable than goods and can only be provided locally.

0:52.0

Nevertheless, globalisation and developments and communication technologies

0:55.6

are encouraging more and more companies to offer their services across borders.

1:00.2

The right to do so is enshrined in the EU treaties

1:02.6

and has been championed further by the EU Services Directive.

1:06.2

Adopted in 2006, this aimed at removing red tape

1:09.6

and making it easier for service providers to establish

1:12.5

themselves in their home country as well as abroad and to provide services inside as well as

1:17.5

outside their own country. Although certain sectors such as healthcare or social services were

1:22.5

left outside the scope of the directive, it covers services accounting for 46% of EU GDP in sectors like

1:29.5

retail, tourism, construction and business services. In addition, specific rules have been

1:34.7

developed for the financial services sector, transport, telecommunications, postal services,

1:39.8

and broadcasting, as well as for patients' rights. But the freedom to provide services across the EU

1:45.2

is linked with the mutual recognition of professional qualifications, which has been guaranteed by

...

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