ibec

Single Market Strategy success will depend on implementation

Ibec, the group that represents Irish business, welcomed the European Commission’s new strategy ‘Upgrading the Single Market’ as a positive step, but cautioned that its success depends on the delivery of concrete action by the Commission and member states.

Head of Ibec Europe Erik O’Donovan said: “A truly effective and competitive single market could add an additional €936 billion per annum to the EU economy. However, it remains incomplete in areas such as goods, services and digital.

“The single market already contributes €3.2 billion per annum to Ireland’s national income, but there remains significant untapped potential. The priority now must be to fully implement the necessary EU regulatory frameworks in services and digital. Ireland’s economy is ideally structured to take advantage of these further market opportunities as they arise.

“Completion of the single market will boost economic growth and productivity and will pave the way for increased foreign direct investment,” concluded Mr O’Donovan.

For more please click: http://www.ibec.ie/IBEC/Press/PressPublicationsdoclib3.nsf/vPages/Newsroom~single-market-strategy-success-will-depend-on-implementation-29-10-2015?OpenDocument#.VjJJnJWvnug

Single Market Strategy success will depend on implementation

We use cookies to give you the best online experience. By agreeing you consent the use of cookies in accordance with our Privacy Statement and cookie settings in your Privacy Settings below.

Privacy Settings saved!
Privacy Settings

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

In order to use this website we use the following technically required cookies
  • wordpress_test_cookie

Decline all Services
Accept all Services