European Union

The European Union has developed an internal single market through a standardized system of laws that apply in all member states. EU policies aim to ensure the free movement of people, goods, services, and capital within the internal market.

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The Digital Single Market Opportunity

  • United Nations Statistics Division. December 2016. United Nations Statistics Division. December 2016.
    The European Union as a whole is the largest economy in the world. Covering 7.3% of the world population, the European Union in 2016 generated a nominal gross domestic product (GDP) of 16.477 trillion US dollars, constituting approximately 22.2% of global nominal GDP.

Europe´s Digital Single Market

European regulators are heavily focused on the EU’s Digital Single Market initiative that aims to create an open market where all EU residents have equal access to digital goods and services from across the EU’s member states. This would allow EU residents to find better shopping deals offered in other EU countries and use their preferred digital devices and services in different states at no extra cost. Tackling geo-blocking is a key part of this initiative that could encourage more cross-border online shopping.

Another key part is cracking down on higher parcel delivery costs for cross-border deliveries. The European Commission found that logistics companies charge up to five times higher prices for cross-border deliveries to other EU countries. And online sellers have turned to geo-blocking to avoid those higher costs for cross-border sales. The European Commission has recommended improving pricing transparency for cross-border deliveries to counteract these higher costs.

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