Strengthening the EU's Common Market and rejuvenating the European unification process

In a joint statement, a coalition of organisations, including the European Commission and various European governments, has emphasised the importance of unleashing the potential of Europe's Single Market. The goal is to boost innovation, investment, and economic growth within the EU.

The statement highlights the need for the EU to address barriers within its Single Market. One of the recommendations is to remove regulatory barriers to foster innovation and growth. This could ensure the thriving of critical industries like electric vehicle manufacturing, a perspective provided by the European vehicle industry.

The joint statement notes that Europe faces increasingly fierce competition from China and the US. To maintain its competitive edge, it is crucial to simplify compliance processes for businesses, another recommendation put forth in the statement.

Enhancing cross-border trade is another key recommendation. The potential growth could ensure the thriving of critical industries like electric vehicle manufacturing, and could be ensured through the potential growth of the Single Market. The coalition believes that this could lead to a more integrated and dynamic European economy.

The joint statement also reiterates the need for the EU to address barriers within its Single Market. It emphasises the importance of simplifying compliance processes for businesses and enhancing cross-border trade for economic growth.

Acea Director General Sigrid de Vries has noted the importance of these recommendations, stating that they are crucial for unleashing the potential of Europe's Single Market. The joint statement from the Single Market Coalition is available for consultation.

The coalition's joint letter underscores the EU's requirements to remove barriers in the Single Market for fostering innovation, investment, and economic growth. However, the specific name of one unified organisation or governments group is not explicitly mentioned in the available sources.

The joint statement provides a comprehensive roadmap for the EU to remain competitive in the global market. By removing regulatory barriers, simplifying compliance processes, and enhancing cross-border trade, the EU can ensure the growth and innovation of critical industries, ultimately leading to a stronger and more prosperous European economy.

Strengthening the EU's Common Market and rejuvenating the European unification process