The European Market refers to the economic area encompassing the countries of Europe, where goods, services, labor, and capital can move freely among member states. It is characterized by a high level of economic integration and cooperation, facilitated by various agreements and institutions, notably the European Union (EU). The European Market aims to create a single market that enhances trade, competition, and economic growth among its members by reducing barriers such as tariffs and regulatory discrepancies. It encompasses not only intra-EU trade but also relations with non-EU countries, influencing international trade dynamics. The European Market is vital for facilitating investment and providing consumers with a wider range of choices at competitive prices.
The EU Biotech and Biomanufacturing Hub aims to boost Europe's innovative capacity in biotechnology. Stéphane Séjourne emphasizes biotechnology as key to industrial innovation and sustainable productivity. The initiative includes crucial…