|Author (Corporate)||European Commission: DG Internal Market Industry Entrepreneurship and SMEs|
|Series Details||COM (2022) 459|
|Content Type||News, Policy-making|
Legislative initiative tabled by the European Commission on 19 September 2022, aiming to establish a Single Market emergency instrument (SMEI) and repeal Council Regulation (EC) No 2679/98. This is a text with EEA relevance.
Crises such as the COVID-19 (coronavirus) pandemic and Russia's invasion of Ukraine demonstrated vulnerabilities within the European Union's Single Market and its supply chains in case of unforeseen disruptions and, at the same time, how much the European economy and its stakeholders rely on a well-functioning Single Market. Further instability and emergencies require the functioning of the Single Market to be guaranteed.
This proposal aims to address two separate but interrelated problems: obstacles to free movement of goods, services and persons in times of crisis and shortages of crisis-relevant goods and services. The SMEI aims to provide a strong, agile governance structure as well as a targeted toolbox to ensure the smooth functioning of the Single Market in any type of future crisis. It also aims to repeal Council Regulation (EC) No 2679/98.
The European Council in October 2020 urged the European Union (EU) to draw lessons from the pandemic and address remaining fragmentation, barriers and weaknesses of the Single Market in facing emergency situations. The European Commission announced in its update of the Industrial Strategy an instrument to ensure the free movement of persons, goods and services, as well as greater transparency and coordination in times of crisis. The initiative is part of the Commission's Work Programme for 2022, and it was tabled on 19 September 2022.
|Subject Categories||Internal Markets|
|Subject Tags||Risk | Crisis Management, Single Market|
|International Organisations||European Union [EU]|