Flanders Seeks Economic Boost from European Single Market
Flanders’ Minister-President Matthias Diependaele states that enhancing the European Single Market could generate over 8 billion euros annually for the region. This assertion was made during a discussion prompted by N-VA MP Inge Brocken, reports 24brussels.
The International Monetary Fund warns that existing barriers within the Single Market impose tariffs equivalent to 50 percent on goods and 110 percent on services. Significant challenges persist in the services sector, which constitutes 75 percent of the EU’s GDP, particularly due to complicated national licensing requirements and certification processes.
Research indicates these barriers could diminish potential economic gains by as much as 30 percent. In Flanders, an area increasingly reliant on logistics, digital services, and industrial operations, such obstacles are seen as a structural liability.
“Not new slogans or structures, but fewer rules, clear agreements and respect for Flemish interests”
The forthcoming trade agreement between the EU and the United States is set to take effect on August 1. While she recognizes the significance of international collaboration, Brocken emphasizes that a functioning internal market remains crucial for Flanders.
“A properly functioning European market would bring billions to Flanders without the need for new taxes or treaties,” she noted. “Not new slogans or structures, but fewer rules, clear agreements, and respect for Flemish interests.”
The European Commission has recently unveiled its Single Market Strategy, which outlines a framework to strengthen the internal market.
Diependaele explained, “As Flanders, we have exercised our influence at both Belgian and European levels to help shape policy. This includes contributing to the Commission’s consultation process, as well as advocating our positions within EU Council working groups and through bilateral discussions with other member states.”
