Business Law - Cassis de Dijon - 1124 Words

â€Å"Without the Cassis de Dijon decision, the EU internal market would never have become a reality†. Discuss this proposition. To fully understand and discuss the statement above, the two key things that need to be understood are what the Cassis de Dijon is and what the EU internal market is. The EU internal market comprises the territories of all EU Member States. The aim was, and is to create an area for the application of the 4 fundamental freedoms; the free movement of goods, persons, services, and capital. The free movement of goods is a prerequisite for the proper functioning of the EU’s internal market. Significant relaxation was achieved by eliminating tariff barriers that were preventing the further development in various†¦show more content†¦This means abolishing all internal barriers to trade and establish a common external tariff throughout the European Community. As a result of the decision, the European Court of Justice called for the removal of tariff barriers and called for the free movement and circulation of trade. Within time, the internal market has proved to the beneficial to citizens and entrepreneurs alike and has resulted in a significant rise in mutual trade amongst the members of the European Community. If the Cassis de Dijon decision did not occur, the progress of the EU internal market would not have been so fast. This is because it gave a new impetus to the harmonisation process, which led to the declaration by the Commission that it would concentrate on steps for the harmonisation of national laws which could still affect inter-state trade. The principle of freedom of movement of goods has been described as a fundamental freedom, the corner-stone of the Community. For most Member States the opportunity of access for their goods to a single market was the primary reason for membership. The aim of the free movement was to create a single market, free of all internal restrictions on trade, based on a system of free competition. The free play of market forces within that larger market would increase economic efficiency, widen consumer choice, and enhance the competitiveness of the Community in world markets. I believe thatShow MoreRelatedEuropean Court of Justice3080 Words   |  13 PagesIntroduction: We have chosen to write this assignment on the European Court of Justice (ECJ), looking into its role in the European integration process, and how its rulings and judgments have affected the business framework. We will also be looking into the effects of its rulings on state sovereignty, and how in some cases its rulings have limited states power over certain policy areas and handed them to the European Union. We will start by looking at the radical jurisprudence of the EuropeanRead MoreThe European Court Of Justice1932 Words   |  8 Pagesmainly been reactive to legislative policy. Once considered a relatively weak Court, the Court is now seen by some scholars as â€Å"an uncontrolled authority generating law directly applicable in Common Market member states and applying not only to EEC enterprises but also to those established outside the community, as long as they have business interests within it.† A review of the literature reveals that, over the years, the European Court of Justice has furthered European integration by harmonizingRead MoreThe Free Movement Of Goods1650 Words   |  7 Pageson balanced economic growth and price stability, a highly competitive social market economy†¦Ã¢â‚¬â„¢ Internal market is a single market that free movement of goods, persons, capital is assured, and in which citizens are free to live, work, study and do business. Goods mean an ything capable of money valuation and of being the object of commercial transaction as per Commission v Italy . For free movement of goods, it is divided into fiscal barriers and non-fiscal barriers. Fiscal barriers simply mean thatRead MoreThe Court Of Justice Of The European Union ( Cjeu )1473 Words   |  6 Pagesphrase—â€Å"measures having equivalent effect† (MEEs) (to Quantitative Restrictions on imports)—is the phrase in the article which has given rise to so much political controversy and debate, both within the CJEU and also amongst academics in the field of EU law. Even ‘quantitative restriction’ (QR), the scope of which concept the rest of the Article appears to hang on, is not explicitly (or, in fact, at all: not even with the standard ‘QRs include†¦[non exhaustive list]†¦) defined in the Treaty, but the CJEURead MorePest Analysis of an Educational Institution19905 Words   |  80 Pages/ Hummel C (2009) E-How Money: â€Å"What Is the Difference Between Trade Surplus amp; Trade Deficit?† [Online] available on http://www.ehow.com/info_8764406_difference-trade-surplus-trade-deficit.html Task 5 Anon (N.D.) Reference for Business: â€Å"Foreign Exchange† [Online] available on http://www.referenceforbusiness.com/encyclopedia/For-Gol/Foreign-Exchange.html - Accessed 14 March 2013 Anon (2011) Gocurreny.com: â€Å"Why currency rates move?† [Online] available on http://www.gocurrencyRead MoreInternational Business Essay Questions6472 Words   |  26 PagesInternational Business – Essay Questions 1. Gini Coefficient: The gini index is a measure of statistical dispersion, a measure of the inequality of a distribution, 0 being total equality and a value of 1 maximal inequality. It is most commonly used in economics to assess the inequality of wealth or income, but is also used in other fields such as health, science, ecology, chemistry and engineering. Gini coefficients range from 0.23 (Sweden) to 0.70 (Namibia), but not every country has been assessed