| Big boost for business as EU trade barriers slashed |
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| Written by admin | |
| Thursday, 14 December 2006 | |
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The EU Directive on Services was agreed by the European Parliament in late November 2006. The Directive is expected to be worth up to £5 billion a year to the UK economy and create up to 135,000 jobs.
The EU Directive on Services in the internal market will cut red tape across the EU making it easier for service providers, particularly small and medium sized enterprises, to set up and offer services in other Member States. The Directive covers a wide range of services, including:
The Directive means that the process of setting up in Member States will be streamlined and made simpler. Each Member State will also have to set up a single contact point on-line for all necessary information and applications. The Directive is expected to be implemented across the EU by early 2010. |
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