Definition of single market in English:

single market

Pronunciation /ˈsiNGɡəl ˈmärkət/ /ˈsɪŋɡəl ˈmɑrkət/

Translate single market into Spanish

noun

  • An association of countries trading with each other without restrictions or tariffs. The European single market came into effect on January 1, 1993.

    ‘In theory, this is one of those times when the European single market proves its worth.’
    • ‘The single market, or internal market as it is also known, builds upon the customs union that was established in the 1960s.’
    • ‘Important, though much less visible, have been the social policy effects of the single market's development itself.’
    • ‘The reason for this is Bulgaria's internally increasing use of the rules of the European single market.’
    • ‘In 1988 the Cecchini report looked at the advantages of cooperation for a European single market.’