Reported 2 days ago
The European Commission announced plans to eliminate business barriers within the EU to enhance competitiveness in response to U.S. tariffs. These barriers, equivalent to high internal tariffs, hinder cross-border trade and limit smaller businesses. The Commission will identify key obstacles and propose new laws to encourage inter-EU commerce, including standardized qualifications and reduced reporting requirements for mid-cap companies. The initiative targets various sectors like construction, telecommunications, and financial services, with a focus on facilitating professional mobility and reducing compliance costs.
Source: YAHOO