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Businesses in the internal market
Transnational development of businesses is a key component of the completion of a European single market. This involves improving the regulatory environment, enabling businesses both to assume a European dimension and to be competitive in the international and European arenas. Harmonisation of company law (to promote a simplified legal environment with minimum red tape), modernisation of public procurement (to increase the opportunities for businesses and to guarantee better quality services for citizens) and protection of intellectual property (to encourage innovation and creativeness) form the basis for the action of the European Union and its Member States in favour of European businesses.