European Single Market

GPTKB entity

Statements (41)
Predicate Object
gptkbp:instanceOf economic area
gptkbp:administeredBy gptkb:Council_of_the_European_Union
gptkb:European_Parliament
gptkbp:alsoKnownAs gptkb:Internal_Market
gptkb:Single_Market
gptkbp:currency Euro (in most member states)
gptkbp:established 1993
gptkbp:establishedBy gptkb:Treaty_of_Maastricht
gptkbp:GDP over €14 trillion (2023)
gptkbp:hasPopulation over 450 million
gptkbp:headquarters gptkb:Brussels
https://www.w3.org/2000/01/rdf-schema#label European Single Market
gptkbp:language 24 official EU languages
gptkbp:legalBasis Treaty on the Functioning of the European Union
gptkbp:members gptkb:Iceland
gptkb:Liechtenstein
gptkb:Norway
European Union member states
Switzerland (partial participation)
gptkbp:notableEvent Brexit (UK left the Single Market in 2020)
completion of the Single Market in 1993
gptkbp:notableFeature consumer protection laws
state aid control
public procurement rules
competition policy enforcement
digital single market initiatives
harmonized standards and regulations
mutual recognition of qualifications
removal of internal borders for trade
gptkbp:partOf gptkb:European_Union
gptkbp:purpose free movement of capital
free movement of goods
free movement of services
free movement of people
gptkbp:relatedTo gptkb:Customs_Union
gptkb:Schengen_Area
gptkb:European_Economic_Area
gptkbp:servesArea gptkb:Europe
gptkbp:website https://ec.europa.eu/info/business-economy-euro/single-market_en
gptkbp:bfsParent gptkb:Single_Market
gptkbp:bfsLayer 5