Close Menu
  • Home
  • Europe
  • United Kingdom
  • World
  • Politics
  • Business
  • Culture
  • Health
  • Sports
  • Tech
  • Travel
Trending

Met Office reveals exactly when ‘third heatwave’ will make Brits ‘uncomfortable’

July 5, 2025

Firefighters across Europe battle wildfires as blazes continue in Germany, Greece and Turkey

July 5, 2025

Boy, four, killed in cemetery after 'gravestone fell on him'

July 5, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram YouTube
Se Connecter
July 5, 2025
Euro News Source
Live Markets Newsletter
  • Home
  • Europe
  • United Kingdom
  • World
  • Politics
  • Business
  • Culture
  • Health
  • Sports
  • Tech
  • Travel
Euro News Source
Home»Europe
Europe

Digitisation underpins new Commission strategy to boost EU single market 

News RoomBy News RoomMay 19, 2025
Facebook Twitter WhatsApp Copy Link Pinterest LinkedIn Tumblr Email Telegram

Strategy Overview: Digitizing the Single Market

The European Commission’s efforts to promote digitization within the single market are aimed at fostering economic transformation and enhancing trade efficiency. The strategy comprises six key pillars designed to refine the single market while addressing existing challenges. These pillars include improving market structures, reducing barriers to trade and investment, and boosting market value through the strongest policies available. The Digital Product Passport (DPP) is proposed as a core component, which will be mandatory from 2027, allowing businesses to streamline data exchange across product legislation. This innovative approach minimizes bureaucratic barriers, reducing costs for economic operators and authorities.

In parallel, the strategy introduces a comprehensive omnibus proposal to expedite SME transactions. By making data exchange mandatory, businesses can streamline their operations, reducing reliance on outdated paperwork. This means that companies are expected to disclose product information, including regulatory documentation, manuals, and safety data across new legislation. Additionally, digital invoicing will be established as a mandatory standard for public procurement under the strategy, ensuring faster and more consistent refunds.

The strategy also revisits the digitization of product rules, aiming to align their authorizations and performance references across member states. This will make service providers Standard of Care (SOC) controllers,不仅如此, the Single Market Action Plan (SMAP) will be introduced to address territorial supply constraints affecting retail in national consumer markets. These measures aim to ensure seamless international transactions and support national welfare through standardized processes.

In the realm of services, the strategy emphasizes service digitization to strengthen international trade. Harmonizing Supplemental Official Rules (SOCs) for provider access will accelerate access to cross-border services. This innovation will facilitate smoother supply chains and reduce the industries’ strain on traditional borders. By addressing these challenges, the Single Market will achieve consistent standards and comparable pricing worldwide, fostering mutual trust and trustworthiness.

The successful implementation of these initiatives depends onighton’s, an EU expert report, validating its effectiveness after last year’s market structure issues. The EU will look to a first annual high-level political meeting of EU ministers, nationalshaft holders, and the Commissioner for Services (Stéphane Séjourné), to guide the taskforce. clarifying that while these meetings will focus on regional collaboration, administrative functions will remain at the service of regional orchestration.

Conclusion

The proposed strategy for promoting digitization in the single market is comprehensive and ambitious, with a focus on improving market structures, strengthening regulations, and enhancing business transformations. By addressing SME challenges, streamlining data exchange, and fostering service digitization, the single market will not only improve trade conditions but also solidify membership in the collective voice of the EU. As policies evolve and regulatory challenges deepen, it will be crucial for clear oversight and coordinated action to ensure enduring success.

Share. Facebook Twitter Pinterest LinkedIn Telegram WhatsApp Email

Keep Reading

Firefighters across Europe battle wildfires as blazes continue in Germany, Greece and Turkey

Europe July 5, 2025

Parisians take a historic plunge into the River Seine after more than a century

Europe July 5, 2025

Brussels, my love? Trump’s trade war with the EU – the clock is ticking

Europe July 5, 2025

Dutch and German agencies report Russia’s increased use of banned chemical weapons in Ukraine

Europe July 4, 2025

Hitler’s Austrian hometown to rename two streets named after prominent Nazi party members

Europe July 4, 2025

42% increase in heat-related deaths at work in the EU since 2000, trade union says

Europe July 4, 2025

Ex-wife hits out at Hungarian opposition leader Péter Magyar, calling him a traitor

Europe July 4, 2025

Zelenskyy and Trump agree on joint defence efforts in ‘fruitful’ phone call

Europe July 4, 2025

Exclusive: EU to offer five options over Israeli human rights breaches

Europe July 4, 2025

Editors Picks

Firefighters across Europe battle wildfires as blazes continue in Germany, Greece and Turkey

July 5, 2025

Boy, four, killed in cemetery after 'gravestone fell on him'

July 5, 2025

Lucy Letby’s ‘unusual’ prison visits cause ‘a lot of talk’ at HMP Bronzefield

July 5, 2025

Australian-American actor Julian McMahon dies aged 56

July 5, 2025

Latest News

Moment ‘cowardly’ driver flees car crash after killing boy, 2, with stolen Porsche

July 5, 2025

Wife of crime boss ‘Hotdog’ will be ‘forced to live in tent’ from Monday

July 5, 2025

Met Office issues thunderstorm warning as 3 regions face lightning and floods

July 5, 2025

Subscribe to News

Get the latest Europe and World news and updates directly to your inbox.

Facebook X (Twitter) Pinterest Instagram
2025 © Euro News Source. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?