European business calls for deepening the EU Single Market and renewing the dynamic of European integration

In a joint statement with 26 organisation, CLEPA, the European Association of Automotive Suppliers, has emphasised the urgent need for revitalising the European Union’s Single Market to address the current challenges faced by EU citizens and businesses. The statement underscores the critical role of a well-functioning Single Market in restoring Europe’s competitiveness and tackling the cost-of-living crisis.

The statement identifies key issues, such as the diminishing competitiveness of the EU compared to the US and China and highlights the need for a balanced approach between strategic autonomy and promoting seamless trade within the EU. It also calls attention to the neglected enforcement of Single Market rules and the lack of harmonisation in crucial regulatory areas.

Key Points from the Joint Statement:

• Redressing the Cost-of-Living Crisis: The paper stresses the importance of a well-functioning Single Market to incentivise investment, innovation, and economic growth, ultimately addressing the cost-of-living crisis faced by many European citizens.
• Improving the Business Environment: CLEPA advocates for addressing obstacles hindering cross-border business activities and emphasises the need for the European Commission to map and urgently tackle inefficient requirements and barriers faced by companies.
• Deepening the EU Single Market: The joint statement calls for a comprehensive program to remove barriers within a clearly defined timeframe, aiming for a more efficient, simplified, and harmonised regulatory framework across EU Member States.