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EU Law and the UK Movement of goods - Coggle Diagram
EU Law and the UK Movement of goods
About the EU
27 member states
447 million people
13.9 billion euro GDP
Protectionism
Barriers to protect domestic market from foreign competitors
Protect existing jobs
Keep prices high
Free trade
Dismantle barriers and allow goods to circulate freely between states
Cut prices
increase competition
Barriers to free movement
Tariffs/Visas
Quotas
Origin requirements
Differential Taxation/pricing rules
Reasons to integrate member state economies
To make more money
Single set of regulations
streamlines trade
More consumers = more demand = more jobs = more profit