The EU single market’s elephant in the room
www.ft.com
Small, often invisible barriers to trade affect products from businesses across Europe, including a fluffy Ikea pachyderm
  • Riddick3001@lemmy.worldEnglish
    8·
    2 days ago

    Is a part of the FT article missing in the archive? I tried the archive.ph got the seme result.

    From another source: IMF analysis results of “internal barriers” within the Single Market, "equivalent to a 45% tariff on goods and a 110% tariff on services.

    I just don’t see the elephant in the room, beacuse though its is ridiculous imo that the internal market creates such high internal tariffs, it is elaborately discussed in the Draghi report. That means that when the EU will do their follow-up implementation, this should create an enormous boost to EU economy.

    On the other hand, and I’m no economist it stands to reason that pricing cannot be universal since each memberstate economies is unique and fluctuate in average (real) income per capita.

    • CAVOK@lemmy.worldOPEnglish
      4·
      2 days ago

      It’s not missing, it’s just very VERY far down.

      No idea what happened.

      • Riddick3001@lemmy.worldEnglish
        3·
        2 days ago

        Tnx wow. Very very down indeed, and at the bottom even FT members’ comments.

        All archive copies have a huge empty space. The article resumes at ca 85% down in the scrolbar.

    • Riddick3001@lemmy.worldEnglish
      41·
      2 days ago

      Oh man, The internal market is really in bad shape and worse than I imagined.

      Seems that the internal market system IS very incredibly fucked up, and it’s all due to national legislation( or lack of common regulations)

      Companies “that are producing the same product across the EU receive very conflicting messages, and will end up being sanctioned or rewarded for the same product in the 27 member states”, Dessi said. (…) All this means time and money wasted.

      • CAVOK@lemmy.worldOPEnglish
        4·
        2 days ago

        I mean, it’s better than no internal market, but it sure can get a whole lot better.

        • Riddick3001@lemmy.worldEnglish
          21·
          2 days ago

          Exactly, realising that with the right efforts en less internal protectionism and/or rules, products could be up to 45% and services up to 110% cheaper, is actually quite mind-blowing.

          • CAVOK@lemmy.worldOPEnglish
            4·
            2 days ago

            That’s some Trump maths right there. But if you find a service 110% cheaper let me know, because I’ll buy A LOT from them. 😁

            • Riddick3001@lemmy.worldEnglish
              3·
              2 days ago

              Idk, that’s what a calculation by IMF quoted for the services. Didn’t dig into that.

              But I do remember from years ago the differences in wages of a doctor in Romania and in Northern Europe. Same still goes for manual labour like plumbing, construction, woodwork.

              This is Reuters quoting that fyi. Arch.

              Edit: damn now I get what you mean. Never thought of it that way LOL. 110 % cheaper meaning you earn 10% haha