In support of a European Code of Business Law

To overcome the difficulties it faces, the European Union has to prove that the integration process is still dynamic and that it can meet the needs of its citizens. The communities' historic competences in the single market justify action in the business area; harmonisation in this field is a logical continuation of the market's liberalisation. Indeed, it is difficult to create a true economic area if similar rules are not applied to all of the players.

Not only would the drafting of a European business law, consolidating existing rules into one single structured, understandable document provide an overview of existing law, it would also give a better view of the regulations necessary for daily European business life.