If only EU could have have the nerve to tackle that question. After all one of the first actions of Carney has been to work towards eliminating trade barriers between Canadian provinces.
It's worth noting that Canadian internal trade barriers are more akin to the internal trade barriers between American states versus what Europe has.
Carney's going after barriers like...different building codes, different occupational licensing standards, provencial liquor control, different vehicle permitting rules.
The country that could learn from Carney's reforms is the US, with its California Prop 65 state specific cancer warning labels, independent state marijuana markets, different vehicle inspection rules, and wildly varying laws on everything from recycling to consumer data privacy.
Europe's internal trade barriers, with some nations not selling certain Kelogg's cereal, different definitions of liquor, and "equivalence checks" for services, are significantly greater.
I really wanted to know how those 45%/110% tariff equivalents emerge on the technical level and here you go! Nice article.
This is at the moment my preferred source of info on European matters, but I fear it may go dark once the grants run out. Have you considered adding an option to buy a paid subscription? I would definitely subscribe.
You may want to explore the market for financial services as well. National champions have captured regulation in detriment of every agent including issuers, investors, and growth.
Great post. My only note is that you could use a paragraph or two to explain the different types of EU directives (or even how directives work), as I am sure that this topic will be unfamiliar to many readers. As you allude to, minimum harmonization directives are a mess that all but ensures 27 varieties of cumbersome regulation. However, there are examples of maximum harmonizing directives having positive impacts on intra-EU business (and research!) activities even when the contents of the regulations are quite strict.
If only EU could have have the nerve to tackle that question. After all one of the first actions of Carney has been to work towards eliminating trade barriers between Canadian provinces.
It's worth noting that Canadian internal trade barriers are more akin to the internal trade barriers between American states versus what Europe has.
Carney's going after barriers like...different building codes, different occupational licensing standards, provencial liquor control, different vehicle permitting rules.
The country that could learn from Carney's reforms is the US, with its California Prop 65 state specific cancer warning labels, independent state marijuana markets, different vehicle inspection rules, and wildly varying laws on everything from recycling to consumer data privacy.
Europe's internal trade barriers, with some nations not selling certain Kelogg's cereal, different definitions of liquor, and "equivalence checks" for services, are significantly greater.
I really wanted to know how those 45%/110% tariff equivalents emerge on the technical level and here you go! Nice article.
This is at the moment my preferred source of info on European matters, but I fear it may go dark once the grants run out. Have you considered adding an option to buy a paid subscription? I would definitely subscribe.
Thanks Martin, right now no grant is suppoting us, but we are happy to write for readers like you!
You may want to explore the market for financial services as well. National champions have captured regulation in detriment of every agent including issuers, investors, and growth.
Great article with very specific examples illustrating what barriers to entry mean in daily life. Seems much clearer now what needs to be fixed.
Thanks! that is my hope!!
Great post.
The first chart's source comes from the IMF's Regional Economic Outlook: A Recovery Short of Europe's Full Potential, from October 2024.
Great post. My only note is that you could use a paragraph or two to explain the different types of EU directives (or even how directives work), as I am sure that this topic will be unfamiliar to many readers. As you allude to, minimum harmonization directives are a mess that all but ensures 27 varieties of cumbersome regulation. However, there are examples of maximum harmonizing directives having positive impacts on intra-EU business (and research!) activities even when the contents of the regulations are quite strict.
Thanks! If you give me a couple of examples of successful maximum harmonization directives I will be very happy to write on it!
But who can stand up to the Queen Ursula? She doesn't even grant the Ombudsman an audience.