Establishment of single EU Telecoms market seen as the key for Europe’s Rennaissance

The Industry, Research and Energy Committee (ITRE) of the European Parliament believes that a single market for electronic communications is a key tool for creating smart, sustainable and inclusive growth. According to specialised studies[1] in e-commerce, EU citizens could save around 60 billion EUR a year as a result of lower prices in telecoms and 95 billion EUR as a result of having more choices. A single market for electronic communications would also increase consumer choices, quality of service and contribute to territorial and social cohesion, as well facilitate overall mobility across the EU.

The single market has increased every citizen’s freedom to choose where one wishes to live, study or work,  better quality of life and lower prices.It will extend to the wider digital eco-system including EU equipment manufacturers and the wider economy, including sectors such as banking, automobile, logistics, retail, energy, transport. Supporters of the single telecoms market believe that it is important for Europe to be able to createnew sources of growth to restore competitiveness, drive innovation and create new jobs. This may be the key for Europe to emerge stronger from crisis.

The 61 Members of Industry, Research and Energy Committee (ITRE) voted on the matter of EU single market in telecommunications on 2.9. 2014. The main voting issue the mandate for negotiations with the EU Governments of the Single Telecom Market. The negotiation mandate was approved by the majority of votes (55 votes in favour), 2 votes against and 4 abstentions.

The common positions of those voters who voted in favour[2] were that a single market has the potential to increase economic growth and create new jobs. The majority of the Members agreed that we need ICT systems to enable interoperability and member states need to be able to cooperate in the fight against cybercrime. In their view, a more digitalised continent means a more social, economic and cultural Europe and the EU should ensure lower costs and increase investments in this sector.

EU parliamentarians supporting the single market also highlighted the importance of encouraging innovative entrepreneurship among youth, investments and infrastructure to provide appropriate regulatory framework and stability for electronic communication providers.

The position of the Members that voted against[3] is mainly based on doubts about the managing of the single market. In their view, this will not be a free market, but an over-regulated market, which is damaging to growth, to employment and to innovations.

The leading MEPs of the ITRE committee are now negotiating an agreement with the EU Governments (the Council).

 

[1] To get more additional informations about the development of the European single market for electronic communications, check here: http://europedia.moussis.eu/discus/discus-1379923460-620202-13463.tkl and https://www.makethenetwork.eu/digital-single-market-will-help-reignite-the-eu-economy/

[2]Here is the link to full text debate on European single market for electronic communications: http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+CRE+20140916+ITEM-015+DOC+XML+V0//EN&language=EN

[3]Here is the link to full text debate on European single market for electronic communications: http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//TEXT+CRE+20140916+ITEM-015+DOC+XML+V0//EN&language=EN

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