- Services are crucial to the EU economy, making up nearly three quarters of gross value added and employment in 2024
- The services sector is the least integrated part of the Single Market due to cross-border barriers
- 60 percent of these barriers have remained unchanged for 20 years
- Reducing non-tariff barriers by 10 percent could increase EU gross value added by 0.5 percent
- A public hearing will assess current barriers and explore actions to improve outcomes for consumers and businesses
- The hearing involves stakeholders like the Commission, national authorities, consumer groups, and industry
- The first panel will address barriers to intra-EU trade in services
- The second panel will discuss the importance of the services sector and measures to enhance trade and reduce fragmentation
Source: europarl.europa.eu
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "European Union"
- Commission proposes plan to protect EU steel industry from unfair impacts of global overcapacity
- European Commission Reviews EU Member States’ Use of VAT Rate Derogations
- Comments on ECJ C-535/24 (Svilosa) – VAT Deduction on Recovery Actions Not Considered Taxable Service
- CJEU Case C-726/23: Arcomet Towercranes Decision Clarifies Intra-Group VAT and Transfer Pricing Rules
- EU and Morocco reach agreement to extend preferential tariff treatment to Western Sahara
