Where MS remove all obstacles to trade between themselves but can choose whatever policies they like with regards to non-member countries e.g EFTA Norway, Iceland
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What is a customs union?
Where MS remove all obstacles between themselves and have a common policy towards non-members countries e.g tarriffs on imported goods e.g EEA (European Economics Arrear) All EU + EFTA states
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What is a common market?
What single market used to be called
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What is a single market?
Where MS remove all obstacles to trade between themselves and have a common policy towards non member countries e.g tarrifs on imported goods and also goods/persons/services and capital e.g EU
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What is a internal market?
Where MS remove all obstacles to trade between themseleves and have a common policy towards non-member countries e.g tarrifs on imported goods and also allow free movement of goods, persons, services and capital e.g what treaties call single market
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What is an economic union?
Where MS remove all obstacles to trade between themselves and have a common policy towards non-member countries e.g tarriffs on imported goods/ allowing free movement of goods/services/capital and have common fiscal/monetary policy e.g Eurozone
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What does Art 26 TFEU establish?
The internal market shall comprise an area without internal frontiers, in which the freedom of movement of goods, persons, services and capital is ensured
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What does Art 34 TFEU establish?
Free movement of goods, goods produced in one EU MS can be sold in all EU MS without additional restrictions
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What does Art 45 TFEU establish?
Free movement of people - basic right to move around as a member. Art 49 is the right for self employed people - TFEU all EU citizens can freely choose which EU ms they wish to live/work/study
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What does Art 56 TFEU establish?
Freedom to provide services - services can be freely sold throughout EU
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What does Art 63 TFEU establish?
Free movement of capital - money can flow between EU MS without restrictions
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Other cards in this set
Card 2
Front
What is a customs union?
Back
Where MS remove all obstacles between themselves and have a common policy towards non-members countries e.g tarriffs on imported goods e.g EEA (European Economics Arrear) All EU + EFTA states
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