EU Auditor Seeks Reforms for Cross-Border Services

A European Court of Auditors report highlights a significant gap in cross-border service provision within the EU. Despite services constituting 70% of the bloc's GDP, only 20% are currently traded internationally between member states. The ECA is urging the European Commission to implement reforms that would better facilitate businesses in offering their services across different EU countries. This initiative aims to unlock greater economic potential and integration by streamlining the process for companies looking to expand their reach beyond national borders.