EU Market Access
Generally speaking, why do businesses want access to the EU?
Large market. (Access to over 400 million consumers, reduced trade barriers, harmonized regulations)
What does GDPR require companies to do before collecting personal data?
Obtain permission from the user.
Which EU institution creates and proposes new laws that affect business regulations?
The European Commission
What freedom lets people work in any EU country?
Free movement of people.
This freedom allows goods to move across EU countries without paying extra taxes.
The free movement of goods.
What EU rule protects the planet and businesses must follow it?
The Green Deal.
This body, made up of elected officials, helps pass laws that businesses must follow.
The European Parliament
What freedom lets you send money across the EU?
Free movement of capital.
What trade barrier does the EU help remove?
Customs/tariffs.
What kind of law prevents companies in the EU from price-fixing?
The Anti-Competition Law or Competition Law
This organization manages monetary policy for countries using the euro.
The European Central Bank or ECB
Name all four freedoms that form the foundation of the EU Single Market.
Free movement of goods, services, capital, and people/labor.
What makes it easier to sell goods across EU countries?
Single Market.
What does the CE mark show?
Product is safe/legal.
This EU institution represents national governments in lawmaking and negotiations.
The Council of the European Union (also called the Council of Ministers).
How does the freedom of movement for services benefit digital businesses?
It allows companies to offer digital services across EU borders without needing separate licenses in each country.