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European internal market.

Module D: Regulation of the internal market.

Chapter 2: Creating and regulating the internal market – history and overview.

Levels of regional economic integration
Free trade area – customs union – common market – economic/monetary union – political union.

The new approach for 1992
The white paper COM(1985)310 paved the way for the new approach that was implemented in the Single European Act with the aim of achieving a single market by the end of 1992.

The key provisions are Article 26 TFEU and Article 114 TFEU. The innovations introduced to achieve institutional balance were codecision, comitology, and qualified majority voting.