European Economic Community
A prominent policy goal of the European Union is the development and maintenance of an effective single market. Significant efforts have been made to create harmonised standards claimed by their proponents to bring economic benefits through creating larger, more efficient markets. Since the Treaty of Rome, policies have implemented free trade of goods and services among member states, and continue to do so. This policy goal was further extended to three of the four EFTA states by the European Economic Area, EEA. Common EU competition law restricts anti-competitive activities of companies (through antitrust law and merger control) and member states (through the State Aids regime). The EU promotes free movement of capital between member states (and other EEA states). The members have a common system of indirect taxation, the VAT, as well as common customs duties and excises on various products.
New member states expect investments financed with EU Structural Funds and Cohesion Funds, (motorway in Katowice, Poland)They have a Common Agricultural Policy (with the Common Fisheries Policy) and the structural and cohesion funds, which improve infrastructure and assist disadvantaged regions. Together they are known as the cohesion policies. The EU also has funds for emergency financial aid, for instance after natural disasters. The funding extends to programmes in candidate countries and other Eastern European countries, as well as aid to many developing countries, through programmes such as Phare, TACIS, ISPA. The EU also funds research and technological development, through four-year Framework Programmes for Research and Technological Development.
In a more political sense, the EU attempts to create – with much controversy – a sense of European citizenship and European political life. That includes freedom for citizens of the EU to vote and to stand as candidates in local government and European Parliament elections in any member state.[15] The European Parliament is now attempting to create pan-European political parties, and almost all members have joined at least a federation of national political parties.
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