|Competition & Antitrust
|EC/EEA impact assessment
This study was prepared by LE Europe for European Parliament Policy Department A at the request of the Internal Market and Consumer Protection Committee. It points out that reducing business costs and regulatory and market barriers is necessary to complete the Single Market. However, monitoring of barriers and costs in the EU is piecemeal and unsystematic, quantification and clear identification of barriers and costs is lacking, which makes prioritisation of policy actions difficult. Resulting costs of slow reform processes and vague initiatives with uncertain time horizons in the area of e-commerce alone amount to €748 billion. As indicated by the examples of Estonia and South Korea, ICT and e-government can be particularly efficient in reducing these costs and barriers.