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What is the internal market?

By Caragh Deery - Law Student @ St Hilda's College, Oxford

 

The creation of an internal market with no barriers to trade between Member States is the main economic objective of the EU. The concept of an internal market is relatively straightforward; it seeks to eradicate barriers to trade between nations by facilitating the free movement of goods, capital, services, and persons. These are collectively known as “the four freedoms”.


Two provisions of the T