Brexit and the European Single Market: the "Four Freedoms"

Contents
Abstract 3
Key words 3
Introduction 4
Materials and methods 4
Results and Discussion 5
From UK side 5
From EU side 6
Conclusions and recommendations 8
Citations 9
References 9

But it is also likely that Brexit will create problems in a single market with Europe. The purpose of our work is to consider the pros and cons of Brexit for free trade from the EU and the UK.
The UK left the EU on 31 January 2020 at midnight, when the withdrawal agreement entered into force. Formally the process of leaving the EU began on March 29, 2017, when May triggered Article 50 of the Lisbon Treaty. The UK. initially had two years from that date to negotiate a new relationship with the EU.

The four basic market freedoms have been legally guaranteed since 1986 and they stated that goods, services, capital and people can move without restrictions within the European Union (hereinafter referred to as EU). At this point, most EU citizens consider these four freedoms, along with peace on the continent, to be Europe's greatest achievement. These freedoms are the cornerstones of the European single market.
They help to strengthen intra-EU trade. For example, two thirds of all manufactured products in the EU are exported to other EU countries. Since the EU is the largest single market in the world, this free exchange has a positive impact on overall welfare. Research shows that the EU's gross domestic product (GDP) has grown by several percentage points thanks to the Single Market.