Trade port cargo - Image by Pexels from Pixabay

EuroCommerce is deeply concerned by the weakening of the Single Market after today’s European Parliament’s plenary vote that accepted opening negotiations based on the Agriculture Committee’s report on cross-border enforcement of rules on unfair trading practices (UTPs).

Europe has to create a well-functioning Savings and Investment Union to mobilise private investments. However, it will depend on the willingness of Member States to go the extra mile for necessary harmonisation steps in taxation, company law, insolvency procedures and supervision.