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Key Competitive Attractions

The European Commission is divided into departments, or Directorates-General (DGs), that deal with different aspects of the Commission's remit.

The European Commission is the administrative organisation of the European Union, managing legislation proposals, executing decisions and the completion of decisions, representing the EU in trade negotiations, and maintaining the Union's treaties, among other responsibilities.

DG Enterprise and Industry manages a budget of approximately €1.5 billion, and employs 1,000 people.

The EU has created a strategy for efficient, sustainable and inclusive growth, known as ‘Europe 2020.’ In keeping with this strategy, the Directorate General Enterprise and Industry works toward the following key objectives:

• Reinforcing Europe's industry base, whilst promoting the progression into a low-carbon economy.
• Promoting innovation as a vehicle for generating new sources of growth and meeting changing societal needs
• Facilitating the implementation and growth of SMEs, and stimulating an entrepreneurial culture.
• Assuring an open internal market for goods, and supporting the European presence in space.

Existing Business Base

EU customs: A community customs code has been executed by 27 customs administrations of the EU.

The European Union is the world’s biggest trading space, with almost 500 million inhabitants. Every year, 11.7 million tonnes of air cargo and 1,545 million tonnes of sea cargo are checked, and in 2007 alone, 183 million customs declarations were completed, averaging at 5.5 completed per second.

For more information about taxes and customs policies in the EU, click here.