New EU Single Market strategy with focus on better opportunities for businesses to operate in the EU

The Single Market is essential to the Swedish economy. Trade with the EU member states accounts for almost 70 per cent of Sweden’s total exports and almost 80 per cent of its imports. The Single Market is the foundation of the EU’s and Sweden’s growth and competitiveness.

“The EU Single Market is Sweden’s most important trade arena, but there is a vast untapped potential. We must remove trade barriers and make it easier for companies to do business in the EU and for people to work. The Single Market is our primary engine for growth, jobs and the green and digital transition. We welcome the European Commission’s new strategy, which aims to make the Single Market simpler, more efficient and more uniform,” says Minister for International Development Cooperation and Foreign Trade Benjamin Dousa.

“One of the Government’s foremost priorities for EU cooperation is to make it easier for businesses to get established, scale up and stay in Europe. There is enormous potential. If we eliminate all trade barriers in the Single Market, it could result in a 10 per cent increase of the EU’s collective GDP. This new strategy with which we will now work is an important step in the right direction,” says Minister for EU Affairs Jessica Rosencrantz. 

The Government has long pushed for a new long-term Single Market strategy and now welcomes its adoption, with its forward-looking perspective and concrete measures that strengthen the single market. The strategy presented today is an important step towards making it market an even stronger engine for jobs, growth and entrepreneurship.