BUSINESS REFORM

Cabinet approves draft bill creating “single market” in Spain

Proposed legislation removes regional barriers to trade

The law could add 1.5 billion euros to GDP within 10 years, deputy PM says

The Cabinet on Friday approved a draft bill creating a single market that will allow companies and professionals in Spain to offer their goods and services across the country.

Under the proposed legislation, it will be sufficient for a company that has obtained a license from one of the regional governments to sell goods that comply with technical specifications to do so in the rest of the country.

The government said the bill is based on the concept of mutual confidence between administrations regarding their respective legislation, and mirrors the European Union’s own single market. The proposed law could clash with regional legislation.

Companies have been lobbying the administration to cut tape to remove impediments to setting up new companies. The Chambers of Commerce welcomed the move. “This will serve to relaunch the trade, industrial and productive fabric in Spain and increase competition,” the Chambers said in a statement.

The Chambers said there are currently more than 100,000 rules and regulations relating to business activities in the country, two thirds of which have been issued by the regions.

Announcing the development, Deputy Prime Minister Soraya Sáenz de Santamaría estimated that the cost savings entailed could add 1.5 billion euros to Spain’s GDP over the next decade.

She said she did not expect the move to cause tensions between the regions.

The bill also calls for all public administrations to share a single electronic database in supervising business activities.

 

Para poder comentar debes estar registrado en Eskup y haber iniciado sesión

Darse de alta ¿Por qué darse de alta?

Otras noticias

LATIN AMERICA

Venezuelan students will not abandon demonstrations

EFE / Alfredo Meza Caracas

Protest leaders issue demands for talks

Deadline approaches for vigilantes to disband

Luis Pablo Beauregard Mexico City

Mexican Forces will have to register weapons with authorities on May 10

Mujica to ask Obama for help in anti-smoking dispute

Magdalena Martínez Montevideo

Phillip Morris claims Uruguay is violating bilateral treaty

Accords reached in Venezuelan peace talks

Alfredo Meza Caracas

Opposition agrees to take part in a truth commission

Calm returns to Nicaragua after quake panic

Carlos Salinas Managua

Experts want to determine what sparked the tremors

Venezuelan TV reporter released unharmed

Nairobi Pinto was found unharmed on Monday

Cocaine shipments through Caribbean on the rise

Maye Primera Miami

Smugglers being forced to use alternative routes following crackdowns in Mexico

Lo más visto en...

» Top 50

Webs de PRISA

cerrar ventana