Ireland in Europe
Review the European Commission’s proposed measures under the Single Market Acts I and II -
Select those of particular importance to Irish based businesses and explain why they are important for the further development of EU member state markets.
The origins of the single market lie within the Single European Act which was the first major change made to the Treaty of Rome 1957.The main aim of this act was to establish a single market within the EU by the 31st of December 1992.This act was signed in both Luxembourg and the Hague. The act came into effect under the Delors Commission on the 1st of July 1987.
Ireland has witnessed a changing environment since the introduction of the single market, beforehand many Irish industrial sectors were dominated by state owned enterprises. In 1993, state aid to specific entities was outlawed. This meant that there was more of an incentive for private investments in industrial sectors, which lead to the creation of more jobs. State aid to companies such as telecom Eireann Aerlingus and Irish steel were no longer allowed. This deregulation became of great benefit to the Irish consumer .Competition in this industries was now able to compete and therefore consumers saw an overnight reduction in prices. Irish indigenous firms such as ESAT Telecom and Ryaniar could not have achieved the success they have if it weren’t for a more integrated single market.
Since the implementation of the single market has brought a vast number of benefits to EU members and created a large number of opportunities. However the free movement of capital services and goods as well as people does not happen smoothly. There are many pieces of legislation missing in terms of an integrated European market. For the single market to continue there is a great importance for Europe to act with conviction and show that the Single Market in viable and bring benefits to Europe’s workers, businesses and consumers. The Single Market Act was first presented in
Select those of particular importance to Irish based businesses and explain why they are important for the further development of EU member state markets.
The origins of the single market lie within the Single European Act which was the first major change made to the Treaty of Rome 1957.The main aim of this act was to establish a single market within the EU by the 31st of December 1992.This act was signed in both Luxembourg and the Hague. The act came into effect under the Delors Commission on the 1st of July 1987.
Ireland has witnessed a changing environment since the introduction of the single market, beforehand many Irish industrial sectors were dominated by state owned enterprises. In 1993, state aid to specific entities was outlawed. This meant that there was more of an incentive for private investments in industrial sectors, which lead to the creation of more jobs. State aid to companies such as telecom Eireann Aerlingus and Irish steel were no longer allowed. This deregulation became of great benefit to the Irish consumer .Competition in this industries was now able to compete and therefore consumers saw an overnight reduction in prices. Irish indigenous firms such as ESAT Telecom and Ryaniar could not have achieved the success they have if it weren’t for a more integrated single market.
Since the implementation of the single market has brought a vast number of benefits to EU members and created a large number of opportunities. However the free movement of capital services and goods as well as people does not happen smoothly. There are many pieces of legislation missing in terms of an integrated European market. For the single market to continue there is a great importance for Europe to act with conviction and show that the Single Market in viable and bring benefits to Europe’s workers, businesses and consumers. The Single Market Act was first presented in
Bibliography: Six Reasons Your Start Up Should Be in Ireland- Enterprise Ireland Fabian Zuleeg-Speech for DSM Dublin 2011 Internet companies accounted for 46% of Irish exports last year –Pamela Newenham (the Irish Times-13 July 2012) http://www.dcenr.gov.ie/Corporate+Units/Press+Room/Speeches/2012/Minister+Rabbittes+Address+at+the+the+4th+Annual+European+E-Commerce+Conference.htm 20 Years of the European Single Market –EU Commission Report (2012) http://ec.europa.eu/ireland/newsletter/2012/oct-dec/newsletter_4_october_2012_en.htm http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=CELEX:52011DC0206:EN:NOT EU Commission Representation in Ireland Your Single Market? EU Commission brochure (2010)