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Resume
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Identification
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Single Market / Internal Market
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Creation
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31 December 1992
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Also known as
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Internal market
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Fostered by
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New Approach
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Aims
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- Create free trade within the EU
- Mould Europe into a single economy.
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Areas of integration
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- European Customs Union
- Single currency: The Euro
- Schengen Convention
- Policies and laws designed to unite the diverse national economies of Europe into a single unit.
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Cornerstones
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- Free movement of people
- Free movement of goods
- Free movement of services
- Free movement of capital
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