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EU proposes a new instrument to protect single market during crises

|Regulation
19 September 2022

European Union, 2022 / Photographer: Claudio CentonzeEnsuring that the single market remains functional in times of crises. It is the goal of the new Single Market Emergency Instrument (SMEI) presented today by the EU Commission, which include measures to secure free movement of goods and services during future emergency situations, while preventing governments from acting unilaterally on trade of critical product.

"The COVID-19 crisis has shown that we need to make our single market operational at all times, even in times of crisis”, said Executive Vice-President in charge of competition Margrethe Vestager, explaining how the SMEI is aiming at avoiding disruptions in essential supplies as happened over the first months the pandemic, when some countries blocked the export and transit of medical devices and equipment, with the result of fragmenting the market, exacerbating the crisis to the detriment, in particular, of SMEs.

The new instrument defines a crisis governance architecture for the single market, providing for a new mechanism to monitor the single market, to identify different levels of risk and coordin

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