Single Market

Single Market

flea market
Europe is the natural world leader in the transformation to climate neutrality and sustainable circular economy. This transition calls for fundamental changes to all sectors and players in our society and gives our industries a leading position in the development and offering of sustainable technologies.

The status of the European Union in the digital geopolitics has changed tremendously within the last five years. The Commission has also taken a note on this development by asking what the European sovereignty in the new world order is going to be about.

We emphasise the dynamic side of sovereignty: the EU must build on its strengths and values, such as high-quality academic research, world-class manufacturing and the tradition that respects privacy of individuals as a core-value.

The Single Market must address the interlinkages of industrial and green policies and provide a coherent vision on how the fair data economy will transform European industries and societies so that everyone has a part to play. Full operationalisation of the GDPR will open new, human-centric models to use personal data on a way that is  balanced and transparent. Europe must develop soft infrastructure that supports ability to have right data at the right place: data-driven models are the key to competitiveness of European industries. Soft infrastructure consists of solutions that combine business, legal and technical aspects that are needed to put data on the move.

The European approach must be based on minimum amount of regulation

The European approach must be based on minimum amount of regulation and bottom-up development with the necessary coordination. This model should be based on open standards and APIs. The four freedoms (goods, services, capital, people) of the Single Market are rather incorporated. The fifth integrating element is the free movement of data. Data also plays a key role in guaranteeing our safety in digital realm.