In its assessment of data from the period 2014-2019, the relevant European Added Value Assessment study by the European Parliamentary Research Service found that resolving cross-border obstacles would bring significant benefits for NUTS 3 border regions and to the entire Union economy. More precisely, the total gross value added (GVA) benefit of resolving all legal and administrative barriers would yield approximately EUR 457 billion per year, representing 3,8 % of total 2019 EU GVA. Resolving 20 % of cross-border obstacles for all border regions would result in a total GVA benefit of EUR 123 billion per year, representing approximately 1 % of total 2019 EU GVA, as well as an employment benefit of 1 million jobs representing approximately 0,5 % of total employment at Union level.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
