In a development with a strong political and economic impact on the future of the European Union, the European Parliament, the Council of the European Union and the European Commission's 'One Europe, One Market' roadmap was signed today at the Philoxenia Conference Center - within the framework of the informal Summit taking place in Cyprus, marking a new, coordinated European effort to strengthen the competitiveness, entrepreneurship and strategic autonomy of the European Union.
The joint initiative was signed by the President of the Republic, Nikos Christodoulides, representing the 27 member states, together with the President of the European Commission and the President of the European Parliament, in a move with strong symbolism, but also substantial content for the course of the European economy.
The signing of the roadmap is considered an important step towards a more integrated and functional single market, at a time when the EU is attempting to safeguard its economic security, limit internal distortions and strengthen its position in global competition.
The fact that the signing took place in Cyprus, within the framework of the Cypriot Presidency, highlights the role of the country at the heart of critical European decisions for the future of the single market and the European economy, also lends particular importance to the initiative.
At the heart of the initiative is the removal of fragmentations that continue to limit the dynamics of the single market, with a view to its full deepening and completion by 2027.
The roadmap includes 42 specific actions, legislative and political initiatives with clear timelines, organized into five strategic pillars:
-(1) simplifying rules;
(2) a more integrated Single Market including by removing the ten most harmful barriers;
(3) championing strong trade;
(4) reducing energy prices and decarbonising; and
(5) driving the digital and AI transformation
Particular importance is also given to the implementation mechanism, as the progress of the actions will be monitored by a joint Steering Group of the three institutions, providing continuity, accountability and institutional depth to the initiative.
The agreement is seen as a clear message that Europe seeks to transform the single market into a stronger lever of growth, investment and business momentum, with common responses to the challenges of the green and digital transitions.
The official announcement released following the signing can be seen, in full, below:
One Europe, One Market Roadmap of the European Parliament, the Council of the European Union and the European Commission
Europe's prosperity, security, global influence, and independence demand a strong and competitive economy.
In a world shaped by geopolitical rivalry, technological disruption, and economic uncertainty, Europe's economic strategy must combine three mutually reinforcing pillars: a stronger, fairer and more integrated Single Market, a trade policy that diversifies partnerships and reduces strategic dependencies, and an industrial policy that protects and strengthens Europe's capacity to produce, innovate and compete in a manner that respects the European Pillar of social rights creating a just transition that secures quality jobs and leaves no one behind.
Achieving this ambitious objective will require political endeavour, engagement, and ambition from all institutional actors, at EU and national level.
With this Joint Roadmap, the European Parliament, the Council of the European Union, and the European Commission commit to achieving One Europe, One Market, in line with the objectives set out by the European Council in March 2026, through decisive progress in 2026 and by the end of 2027 at the latest across the following five strategic building blocks: (1) simplifying rules; (2) a more integrated Single Market including by removing the ten most harmful barriers; (3) championing strong trade; (4) reducing energy prices and decarbonising; and (5) driving the digital and AI transformation.
The Roadmap is a political and operational commitment: it sets out in its annex key legislative and policy initiatives across the five strategic building blocks and corresponding timelines for agreement. The three institutions commit to respecting these timelines and giving these initiatives the highest political priority in a manner that respects the legislative process and prerogatives of each institution.
Turning ambition into reality requires a sense of urgency, political ownership, and measurable outcomes.
- The Commission commits to proposing the legislative and policy initiatives set out in the annex.
- The European Parliament and the Council commit to working towards a swift agreement on all the legislative proposals set out in the annex, treating them as political priorities embedded in the annual interinstitutional legislative programming cycle.
- The Commission and Member States commit to stepping up implementation and enforcement to ensure that commitments are fully delivered and have measurable impact.
Delivery of the Roadmap will be visible and measurable. Building on the existing monitoring process, the institutions will ensure regular stocktaking to oversee and guide the implementation of this Roadmap.
The institutions will meet on a quarterly basis to review progress, identify obstacles, coordinate actions, update and complete the annex as necessary, and review the building blocks to encompass the social dimension of the Single Market.
