European Union leaders will brainstorm tomorrow on how to help Europe compete with the US and China and become more autonomous by strengthening the bloc's economy.
The European Commission has dubbed the main barriers to creating a stronger EU single market the "Terrible Ten" and said removing them should be a priority.
1 - Complicated business establishment and operations - High hurdles for setting up and running businesses across borders.
2 - Overly complex EU rules - EU laws sometimes contradict each other.
3 - Lack of Single Market ownership - EU governments do not enforce or integrate common rules they agreed on.
4 - Limited recognition of professional qualifications - orkers cannot easily move between countries because their diplomas/degrees are not recognised across borders.
5 - Lack of common standards - Technical or quality requirements differ from country to country.
6 - Fragmented rules on packaging, labelling, and waste - Diverging national, often environmental, regulations.
7 - Lack of product compliance - there are often different product standards among the 27 EU countries.
8 - Restrictive national service regulations - Because of different laws, service companies cannot do business across borders.
9 - Burdensome posting of workers - Political sensitivity related to accepting workers from other EU countries and high, related administrative costs limit cross-border employment.
10 - Territorial supply constraints - There are restrictions hindering retailers from getting products from across the EU.
