While different legislations and trade barriers can make it difficult for businesses to expand into new markets within and beyond the EU, cross-border cooperation between companies from different EU countries can help them increase their competitiveness.
Businesses can establish production agreements, joint ventures, franchises, technology transfers and collaborative research projects. Supplying services and products through an intermediary can save time and money. They can also enter new markets by opening a branch or a subsidiary in another EU country or through mergers.
At the same time, EU businesses - even small ones - can grow and become more competitive by seizing opportunities in global markets.