Then, the failure of one supplier would not immediately bring the enterprise’s production to a standstill. Policymakers can support enterprises in this regard: through clear and enforceable trading rules and sensibly harmonised product standards. At the same time, regulation should be kept in moderation so that it does not hinder innovation and competition.
And the weight that the EU (European Union) can bring to the table when negotiating on these kinds of issues is – as you may have guessed – the single market and its economic strength. 30 years after being established under this name, it is true to say that the European single market is more valuable to us today than ever before.