Single Market
A prominent goal of the EU since its creation by the Maastricht Treaty in 1992 is establishing and maintaining a single market. This seeks to guarantee the four basic freedoms, which are related to ensure the free movement of goods, services, capital and people around the EU's internal market.
The European Economic Area (EEA) agreement allows Norway, Iceland and Liechtenstein to participate in the European Single Market without joining the EU. The four basic freedoms apply. However, some restrictions on fisheries and agriculture take place. Switzerland is linked to the European Union by Swiss-EU bilateral agreements, with a different content from that of the EEA agreement.
Read more about this topic: Modern Europe, European Union, Economic Integration
Famous quotes containing the words single and/or market:
“There is not a single rule, however plausible, and however firmly grounded in epistemology, that is not violated at some time or other. It becomes evident that such violations are not accidental events, they are not results of insufficient knowledge or of inattention which might have been avoided. On the contrary, we see that they are necessary for progress.”
—Paul Feyerabend (1924–1994)
“To market ‘tis our destiny to go.”
—Robert Frost (1874–1963)