SEM
25.07.2013 14:46

SEM

1) Single European Market. Concept of Treaty of Rome whereby EU member states (currently 15) formed a single market with no barriers to trade (ie free movement of goods, services, people and capital). Some provisions in force earlier but took effect fully from 1 January 1993 (publicity geared to '1992').

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.219 (288 p.)


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