Nicosia: The signing of the 'One Europe - One Market' roadmap sealed the joint commitment of European institutions to deepen the Single Market and strengthen the EU's competitiveness, during a ceremony held on Friday in the context of the Informal Meeting of EU Heads of States and Governments in Nicosia.
According to Cyprus News Agency, the document was signed by the President of the Republic of Cyprus, Nikos Christodoulides, the President of the European Parliament, Roberta Metsola, and the President of the European Commission, Ursula von der Leyen. The initiative aims primarily to reduce fragmentation within the Single Market, enhance the European Union's competitiveness and strategic autonomy, and safeguard its economic security, with the goal of achieving a fully integrated Single Market by 2027.
The roadmap includes a total of 42 actions, covering both legislative and policy initiatives, most of which are already under negotiation or included in the European Commission's work programme. These actions are accompanied by specific timelines intended to accelerate their adoption.
The measures are structured around five key priority pillars: simplifying rules, further deepening the Single Market, strengthening trade policy, reducing energy costs while promoting decarbonisation, and accelerating digital transformation and the use of artificial intelligence.
Based on the roadmap, the Commission commits to proposing the relevant legislative and policy initiatives, while the European Parliament and the Council commit to working towards the swift adoption of all legislative proposals, treating them as political priorities. The Commission and the member states also commit to stepping up the implementation of legislation to ensure the full delivery of commitments and the achievement of tangible results.
As further stated, the implementation of the Roadmap will be substantive and measurable. Based on the existing monitoring process, the institutions will ensure regular assessments in order to oversee and guide the implementation of the Roadmap. The institutions will meet on a quarterly basis to review progress, identify obstacles, coordinate actions, update and supplement the annex where necessary, and reassess the required elements to incorporate the social dimension of the Single Market.