EU lose much of its attraction without the single market

NEWS Published

EU A fully developed single market is central to fight climate change, promote sustainable development, to fully harness the potential of digitalisation and strengthen Europe’s competitiveness. Without the single market, the EU would lose much of its attraction.

With the EU institutions starting a new political cycle, everyone is looking for solutions to the many societal challenges facing the union. From the perspective of businesses and industry, we emphasise the importance of the single market. It is the most important tool for the EU to create economic growth, and to increase employment and innovation. A fully developed single market is also central to fight climate change, promote sustainable development, to fully harness the potential of digitalisation and strengthen Europe’s competitiveness. Without the single market, the EU would lose much of its attraction, both for the EU member states and the rest of the world.

So, how do we keep the single market relevant? The Nordic business organisations, DI, EK, NHO and the Confederation of Swedish Enterprise invited Nordic MEPs to discuss the issue during a round table in Strasburg on September 17. Confederation of Swedish Enterprise participated through Cemille Üstün, expert on the EU single market, and Emelie Nordström, policy adviser at the EU office.

Prior to the meeting, three discussion papers had been jointly drafted by the Nordic business organisations. One covered the single market and how to improve freedom of movement for goods, services and labour, one how to achieve free movement of energy and the circular economy, and one how the single market can be used to improve European businesses access to the global market.

The round table discussions showed a wide engagement for the single market. The parliamentarians welcomed the initiative and established that the Nordic countries must show leadership in developing and preserving the single market. Sweden was represented by MEPs Arba Kokalari, Fredrick Federley and Abir Al-Sahlani.

Nordic consensus exists on many issues, points stressed in the discussion included:

  • That the Nordic countries should embrace leadership and showcase good examples from the business world, especially concerning digitalisation and climate.
  • That the single market for services have unexploited potential. The Services Directive must be fully implemented. Important to keep in mind is that free movement of services affects a wide range of business activities, in the manufacturing industry as well as in the service industry.
  • The circular economy is dependent on free movement of services within the European Union. It needs to be built on the single market and on well-functioning market mechanisms.
  • There is a lack of knowledge and data on how the single market today is implemented and executed. The European Commission must fulfil its obligations as guardian of the treaty and ensure that remaining obstacles are removed.
  • The single market provides the EU with leverage in bilateral trade negotiations. The EU is the de facto the largest integrated market in the world, we must preserve and develop it.
  • A future industrial strategy shall be built on the single market. The single market is the crown jewel of Europe and must be treated as such. The competitiveness within the single market is in the risk of being undermined by softened rules on state aid or competition law. The Nordic countries and its like-minded allies must defend this view.

News

NEWS Published:

Review the Swedish Exemption Regarding Financial Transactions

TAX The VAT exemption regarding financial transactions is often used in Sweden as an argument to raise taxes in the financial sector. However, the exemption is harming the business climate as well as growth and development.
NEWS Published:

EU lose much of its attraction without the single market

EU A fully developed single market is central to fight climate change, promote sustainable development, to fully harness the potential of digitalisation and strengthen Europe’s competitiveness. Without the single market, the EU would lose much of its attraction.
NEWS Published:

Proposals for competitiveness

REPORT The Confederation of Swedish Enterprise, in co-operation with its experts and membership organizations, has produced concrete proposals for measures to ensure that Europe will maintain its competitiveness in the global arena.
NEWS Published:

How EU-decisions affect Swedish companies

REPORT The Confederation of Swedish Enterprise has evaluated how the major decisions taken within the EU during the last mandate period affect Swedish companies. Our evaluation shows that 24 of the 57 legal acts we have chosen to look at have been positive for Swedish companies.
NEWS Published:

SME-companies in the digital economy

EU 24 million small and mid-sized businesses are the greatest asset within EU. "Regulations must be dealt with to give SME-companies the opportunity to reach their full potential", says  Anna-Lena Bohm, chairman of BusinessEuropes SME:s and Entrepreneurship committee.
NEWS Published:

SME-companies in the digital economy

BUSINESS There are 24 million small and mid-sized businesses, so called SME businesses, in Europe. These companies are a great – if not the greatest – asset when it comes to tackling todays economical and social challenges.
NEWS Published:

The Nordic countries need to block EU assault on tax veto

TAX For countries with a common currency and a limited common budget, it is particularly important to be able to pursue an active national fiscal policy when an external shock is encountered, writes Claes Hammarstedt.
NEWS Published:

Artificial intelligence on everybody’s mind

EVENT Artificial intelligence is on everybody’s mind in the EU capital. The European Commission recently launched its strategy for artificial intelligence, which focuses on promoting research and development of AI across European sectors.
NEWS Published:

AI made in EU

JOINT EFFORT The EU-commission has presented a joint effort with Member States to promote the development and use of artificial intelligence, AI, in Europe. To strengthen AI-technology and uptake in Europe is welcome. Swedish Enterprise believes that the conditions within Europe must be strengthened in order to successfully improve the global competitiveness of our companies. Here are our thoughts and proposals.
NEWS Published:

Swedish expert represents European industry in expert group on AI

ARTIFICIAL INTELLIGENCE The Confederation of Swedish Enterprise’s digital expert Carolina Brånby is representing BusinessEurope in the European Commission High Level Expert Group on Artificial Intelligence, AI HLEG. Their role is drafting ethical guidelines, and to create recommendations on how to strengthen the uptake of AI within the EU.
NEWS Published:

What impact of the Social Pillar on EU prosperity?

The EU’s approach to social policy is currently changing. In November 2017, the European Pillar of Social Rights (the Social Pillar) was proclaimed as a visionary document setting up goals for an upward convergence in this area. In this year’s State of Union address, the president of the EU-commission Jean-Claude Juncker asserted that “It is time we turned the good intentions that we proclaimed at the Gothenburg Social Summit into law”. And, as a matter of fact, this process is well under way.
NEWS Published:

The entrepreneurial perspective is being neglected in the EU digitalisation process

The digital single market is a hot topic in the EU right now. Sweden has plenty of confidence when it comes to digitalisation, which does by its nature transcends all borders. The government’s overall goal is for Sweden to be best in the world at using the opportunities offered by digitalisation. But unfortunately the entrepreneurial perspective usually comes second when the European countries attempts to create a digital inner market.
NEWS Published:

American tariffs hurt Swedish and European industry

"President Trump’s decision to impose tariffs on steel and aluminum imports is very unfortunate. It will hurt Swedish industry both directly and indirectly", says Carola Lemne, Director General of the Confederation of Swedish Enterprise.
NEWS Published:

The EU-commission wants to go big on AI

AI  The US and China are way ahead of Europe regarding development of autonomous computer systems. That disadvantage must change if European business and industry is to retain its competitive edge into the future, writes Olof Erixon, Senior legal counsel.
NEWS Published:

EU – the clearest voice for free trade

In the beginning of May, the Free Market Road Show (FMRS) took place in Stockholm. Jens Hedström, Head of Brussels Office, International Director, Swedish Enterprise, was one of the panellists together with PJ Anders Linder, CEO Axess Foundation, the British economist Richard Teather among others.
NEWS Published:

Sweden should oppose the digital tax proposals

TAXES The Swedish Government should oppose the controversial digital tax proposals from the EU Commission and work with the OECD to find an internationally acceptable solution.
NEWS Published:

Controversial EU tax proposal on digital services causes concern for small exporting economies

TAX The Director Generals for the Swedish, Danish and Finnish business federations have, in a joint letter addressed to the Finance Ministers of their respective countries, expressed their concern for the EU Commissions digital tax plan.
NEWS Published:

Protectionism only produces losers

The impact of globalisation has been positive for most of the world’s population. However, the economic integration of economies also accelerates change which puts increasing pressure on societies to be able to adapt to such change. We need to stand up for the clear advantages of globalisation, while making sure our societies have the flexibility necessary to adapt to rapid changes in technology and labor markets. These were the main conclusion at a seminar about free trade and globalization in times of protectionism, organized by The Society for Business and Politics in the European Parliament.
NEWS Published:

Let’s talk about the losers of protectionism

European politicians have a big role to play in communicating why globalisation matters. We need politicians that are brave enough to talk about the losers of protectionism, not just the losers of globalisation, writes Carola Lemne.
NEWS Published:

The European Commission: Swedish companies best at innovation

Within the framework for the European Commission’s EU Industry Day February 22-23 in Brussels, Teknikföretagen and RISE was chosen to present how Swedish enterprise and academy cooperate around invention under the headline TESTBED Europe, accelerating innovation and strengthening eco-systems. The seminar proved to be one of the events most popular, and gathered experts from all over Europe. The participants all agreed that Sweden is the leading example of innovation, but why?