The Expansion Of The European Union

2373 Words10 Pages
Introduction According to “Its-our-Europe” website in recent years, the expansion of the European Union has become a much debated topic. Much of the discussion was centred on the potential for new business opportunities that may arise in the new EU member states. Doing business in Europe becomes a daily reality for many companies, not only for large corporations but also for small and medium sized businesses. European business environment opens borders for the EU to increase trade, lower prices for consumers and for the expansion of technical and allocative efficiency between local and international companies. Companies are trying to adopt better methods of production to keep costs down in order to remain competitive. Therefore an incentive to produce efficiently arises. This will help standards of the product to increase and consumers will have a good quality product to consume. Free movement of people, goods, services and capital and the creation of the single currency and the establishment of the European Central Bank to create more opportunities for European businesses. But, of course, there is a downside to this. The EU is currently facing serious challenges in its role as the economic crisis, climate change and energy supply, demographic changes and migration. Single market opportunities and challenges Creation of a single market in the EU raise benefits for companies such as Nagel Logistics as a freight company may increase the number of consumers at the international level and the price level will not increase, but may become lower in the EU non-tariff barrier. The reason of non-tariff barriers is simple: It is the engine of growth and source of new, small and medium enterprises to grow. The opportunities are huge due to ... ... middle of paper ... ...sed trade is likely to boost world growth to everybody’s advantage. It brings consumers a wider range of products to choose from. Competition between imports and local products lowers prices and raises quality. The EU believes that single market can bring economic benefits to all, including the developing countries The company mentioned in this is essay which is Nagel logistics have great opportunities of the single market of EU as company have wider opportunity to import and export goods and services from any provider to any consumer in the EU without having to accept contractual conditions different from those that apply in UK. The evidence provided in this essay shows that EU single market still have to make a lot of progress to reach successful outcomes but EU members works very hard to create safe environment for businesses to operate. Trade.ec.europa.eu, 2014)
Open Document