The study “The Cost of Non-Europe in the Single Market” was recently presented before the Internal Market and Consumer Affairs Committee (IMCO) at the European Parliament. This document gives an overview of the potential economic gains from further completion of the European Single Market. Several of Ecommerce Europe’s recommendations on VAT and e-Payments, have been directly put forward in the study.
In general, the Report affirms that the Single Market has contributed significantly to economic growth and consumer welfare in the European Union, but that it has not achieved its full potential yet. Further economic gains could be obtained by better and more effective application of existing legislation and a deepening of the Single Market.
Seamless cross-border e-commerce needed
Ecommerce Europe welcomes the study on the cost of Non-Europe and believes it is an important tool to exploit for further research on barriers to the completion of the Digital Single Market and to the development of seamless cross-border e-commerce. Several of Ecommerce Europe’s recommendations from its position papers, such as its recommendations on VAT and e-Payments, have been directly put forward in the study. Ecommerce Europe now urges Members of the European Parliament to put these recommendations into action for a full completion of the Digital Single Market.
Gaps in the Digital Single Market
Chapter III of the report focuses on the Digital Single Market. The study identifies gaps in the Digital Single Market legislation, in particular in the area of e-commerce, and it estimates the direct cost of Non-Europe associated with these gaps. The cost range goes from €36 to €75 billion per year (in term of EU GDP, from 0.3% to 0.6%). Several studies on this matter estimate that a deeper and more complete Digital Single Market could raise the EU GDP by 4% on the long-term, or more than €500 billion.
IMCO committee EP
The study, which is an updated version of the Cecchini report published in 1988, was presented before the Internal Market and Consumer Affairs Committee (IMCO) at the European Parliament, on Wednesday 23 September.
For the full report “The Cost of Non-Europe”, please click here.