| 单词 | Single Market |
| 释义 | Single Market The concept that underlies trading in the European Union, as codified in the Single European Act 1986, which was introduced in 1987 with a target date of 31 December 1992 for completion. The Single Market came into force on 1 January 1993 with between 90% and 95% of the necessary legislation enacted by all member countries. The measures covered by the legislation include: ● the elimination of frontier controls (the full measures have been repeatedly delayed); ● the acceptance throughout the market of professional qualifications; ● the acceptance of national standards for product harmonization; ● open tendering for public supply contracts; ● the free movement of capital between states; ● a reduction of state aid for certain industries; ● the harmonization of VAT and excise duties throughout the market. |
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