The Major Benefits of Single Market. This meant that member countries could engage in free trade in any of the country without any barriers. This meant protecting the consumers too as they are the sole buyers of the goods. The procedure of assessment for each product is outlined in the product legislation, thus for a product to be allowed to the market it has to meet all the legislative requirements. If a product is found to cause health hazards, The Commission has the right to have it withdrawn from the market, recalled or it can apply sanctions to prevent any more circulation of the product. They also ensure there are enough tools to facilitate The Single Market Strategy.There is no market that can function without units of measurements such as Kilograms, Grams and Metre. The Commission, in 2008 came up with the New Legislative Framework that had clear rules for the accreditation of conformity assessment bodies as well as rules that better protected the consumers and workers from unsafe products in the market, including the imports from non-EU countries.The Commission has to take charge in both harmonized sectors and non-harmonized sectors.
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These conditions include and not limited to; rules that are more transparent, standards that are coherent, impartiality certification and compatible market surveillance measures.Service provision is also part of trade. Thus the professionals are able to move and provide services abroad.
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For trade to be efficient there must be both goods and services involved, goods alone cannot run the economy. Competition, ensures that the goods and services are of high quality, the prices are fair, the goods are readily available, and sellers and service providers make maximum profits. Again, they have systems that ensure efficiency. At the same time, even imported products too have to conform to these standards, thus the consumers are well protected. If you look at all the EU countries you will realize there level of technology is at par, because the Single Market strategy has enabled people in these countries feel free to share and impact technological knowledge among themselves. This is because the product that are sold in all EU markets are of the same quality at any given time, then they have been tested and certified. For instance a kilo of Sugar in Germany, is the same as a kilo of sugar in Austria and they cost the same Euros. These are many countries that have come together to trade, if there were no barriers, sellers would be selling anything and buyers would also be buying anything. Most companies specialize in certain brand of goods, for instance flowers.Not all European countries are members of European Union.