Briefing on ‘Economic effects of reform in professional services’

September 28th, 2017 § 0 comments

The briefing was prepared by Policy Department A for the Internal Market and Consumer Protection Committee. (External Author: Dr Erik Van Der Marel).

The briefing notes, amongst others, that high entry barriers for professions markets are linked to lower productivity in the EU and that regulatory barriers must consider how a country will carry out any guidelines.

Professional services such as legal, accounting, engineering and architectural still have high entry barriers. Many firms are prevented from emphasising competition in their sectors, whilst these barriers decrease consumer choice and any positive effects of a single European services market. For example, the high restrictions or entry barriers in the legal profession limits the supply of legal services detrimentally impacting on equal access to justice. Higher entry barriers are linked with lower productivity rates in European Union countries overall.

The proportionality test announced in the Services Package shall ensure that professional qualification is justified and proportionate.

Any services reform package in the future from the EU should consider the capability and how well equipped a Member State is in governing that service market.

The brief can be found here.

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