Policies implemented in the EU on free trade of services and goods among member states. The main agenda is to have a harmonized standard, with economic benefits through a more significant and broader market.

However, this is not the case in medical products that are beneficial in health but also associated with risks. Regulations of medicinal drugs are subjected to approvals that direct in what form, where, how and when the product is sold in any of the EU nations.

A strategic corporate and commercial regulation is strictly adhered to for any sales and consumption of medicinal products in the EU. Governed by the EU Directive 2001/83/EC also known as the Consolidated Directive, the many years of drug regulations are brought into one. The directive’s primary intent is to prohibit any medicinal products sales without knowledgeable authorization.

To acquire marketing authorization, other members of the European Economic Area (EEA) have adopted the EU regulations. The regulations adhere to rules set on imports, manufacture, promotions, and branding.

There is a new development being initiated by the European Commission and Heads of Medicines Agencies to agree on how to pave the way for EPI (Electronic Product Information) in the EU. The implementation will include documents of all single medicines in the EU with a summary of product characteristics for healthcare professional and a package leaflet for patients.

By using EPI, EMA will have addressed the shortcomings of the European Commission report on means of improving medicines in the EU, and also make it easier for patients to understand the packaged drugs. Stakeholders will be involved in sharing best practices in EPI realization and assist in updating EU guidance on the preparation of the package documents.Europe-Sustainable mobility and EU Transport policies

Things are changing, and the growth of powerful transportation technologies is one of our evolutionary developments. Viewed as a significant asset in economic growth and job creator, it’s also the foundation of EU integration. The European Commission (EC) develops policies on transport and managing the funding of the Transport Networks which is worth over a billion Euros.

EU transport policies allow for a smooth connection between member states to avoid obstacles that may hinder economic growth and unfair competition in the transport sector. The fundamental forms of transport are rail, air, water, and road.

The EC mandates that the various agencies in these important transport forms provide mobility that is sustainable, environmentally friendly and energy efficient all over Europe. Transportation offers excellent growth opportunities, but it’s also dogged by significant challenges that slow the full exploitation of this opportunities.

Businesses and households are substantially affected if there are poor logistics and inefficiency in transport. This is due to the fact that transport takes a significant share of households and commercial expenditure in provision of transport services.

To add value to services and products that are produced in the  EU, full optimization multimodal transport and improvement of infrastructure helps reduce logistic costs. The EU needs to address issues that reduce logistic costs to seize growth opportunities.

Adverse social conditions of transport workers are a factor that needs to be addressed mainly in rail transport. Rail has the potential for it has advantages in scale for freight and passengers over substantial distances. This combination makes it socially inclusive and environmentally friendly in reducing carbon emissions. In other developments, the EC is launching initiatives in ways to improve the workers’ conditions in road transport. There is a proposal to clarify the application of EU rules on the posting of workers to this transport sector.

 

Before 2006 business in the European Union meant coordinating with the legal reforms, political reforms and the impending costs placed on imports and exports imposing barriers to free trade. Several publications of Federation of small businesses survey conducted with approximately 6000 of its members by the spokesman for small companies –Margot Parker, led to the realization that European Union affects businesses especially small business in more profound ways. The results from the survey indicated that small business owners are now more Eurosceptic compared to big business owners. I agree that the European Union is deliberated to make the lives of large enterprises and corporations easier and bearable, but this came to me as a surprise. What is evident in this particular case is that small business owners are now demanding more of enquiring more information about the European Union and how their decisions to leave or stay would impact their businesses. No doubt that organizations campaigning on the ‘leave’ side will reach out to the small business owners and convince them to leave the European Union.

Let’s reflect on the next referendum support from British business; them remaining in the European Union has always been considered a predetermined inference. However new researches proposed that the business community in the European Union should be more disjointed on such issues than views of heads of big banks. With both big and small enterprises accounting to approximately 60% of all the private sector employment in the UK and 47% turnover of all reserved segment, if small and medium-sized enterprises are subjective at all by their organization’s interest concerning the European Union then the regiment campaigners will want on their side when addressing the business aspect of the referendum.

During the survey with Margot Parker, he said that “we the 37.7% small business owners how the assumption of their businesses being affected by European Union in one way or another is wrong.” However, the facts remain that impacts on small enterprises are undeniable if owners stay in the regulatory burden which causes administrative costs to increase.

On one side large organizations and digitals entrepreneurs in the European Union strongly favor staying, and on the other side, 42.7% of the small enterprises in the European Union want to strengthen trading ties with other parts of the world of course beyond European Union. Chances of improbability are very high since all negations in regards to trading are done by the EU on behalf of the small business owners. And again owners and managing directors of the big enterprises, 47% of them are in favor of staying while 42% want to leave.

That said, we can comfortably and suitably engage businesses in the EU with the best parts of the world as small business owners negotiate trade deals which benefit their business and the whole economy. What is portrayed here, is more and more assessments from non-political groups? It is forthright that business in the European Union has nothing to fear concerning being free from the political union with the EU. Myself was predominantly impressed to see a majority of the respondents in the survey recognizing that deciding to either leave or stay in the EU would either improve small businesses or make no practical difference.