In a letter received from the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), with reference to a letter from the Ministry of Trade, it is stated that, in the statement issued following the EU Leaders’ Meeting held on February 12, 2026, where Europe’s competitiveness was discussed, political commitment was expressed to complete a comprehensive reform process by the end of 2027 within the framework of the “One Europe, One Market” objective.
The letter states that the Commission plans to present a detailed “One Europe, One Market Roadmap and Action Plan” at the next European Council meeting.
The letter further explains that the reform process is structured around five key areas: Reducing Administrative Burdens, Building the Single Market, Creating a Single Energy Market, Digital Transformation, and International Trade, and provides information on the content of these areas.
The Commission plans to present a detailed “One Europe, One Market Roadmap and Action Plan” containing timelines, targets, and a clear implementation schedule.
The reform process is stated to be structured around five key pillars.
In this context, the statement highlights the following:
1) Reducing Administrative Burdens
Ten Omnibus simplification packages are on the agenda (three have been completed and seven are ongoing), and the co-legislators are expected to accelerate the process and finalize these measures, with the aim of reducing annual administrative burdens by approximately EUR 15 billion.
Following the completion of the Omnibus packages, comprehensive simplification of the existing EU acquis is planned. Measures will be taken against “gold-plating” practices (where Member States impose additional requirements beyond EU legislation), while the approach of “more regulations and fewer directives” is intended to establish a single and clear objective for Member States.
“Sunset clauses” will be introduced into legislation, allowing decisions to be made after a specified period as to whether the relevant regulation should remain in force or be completely revised.
2) Building the Single Market
A proposal for a 28th Regime is expected to be presented in March, enabling companies to be established digitally anywhere in the EU within 48 hours and to operate under a single and simplified set of rules across the EU.
To establish a strong and liquid capital market, the first phase of the Savings and Investments Union, covering market integration, supervision, and securitization, is targeted for completion by June. If sufficient progress is not achieved by then, the option of “enhanced cooperation” involving at least nine Member States will be considered.
Before the next European Council meeting, an Industrial Acceleration Act, based on robust economic analysis and including a European preference for strategic sectors, is expected to be presented.
3) Creating a Single Energy Market
To strengthen infrastructure and cross-border energy flows, the Grid Package (currently on the agenda of the Council and Parliament, with a timetable expected to be established for its adoption) and European Energy Highways will be implemented. It is noted that the first energy highway has recently been approved, connecting Baltic offshore wind energy to Denmark and Germany via the island of Bornholm.
The effectiveness of the existing pricing mechanism (renewable energy at EUR 34/MWh, nuclear energy at EUR 50–60/MWh, and gas at EUR 100/MWh) is under discussion, and different options regarding whether the time has come to revise the market design will be presented to the Council in March.
The Emissions Trading System (ETS) will be reviewed.
4) Digital Transformation
The Digital Networks Act will be advanced, and a timetable will be established to accelerate its progress. The possibility of mergers among telecommunications companies is also on the agenda within the scope of the Digital Networks Act.
Through the European Business Wallet, companies will be provided with a single digital identity and a single communication channel with all public authorities across the EU, with a timeline for implementation to be followed starting in March.
Looking ahead, a Technology Sovereignty Package is expected to be proposed, including “Chips Act 2.0” and a Cloud and AI Development Act.
Existing AI factories are planned to be transformed into ecosystems of AI gigafactories.
5) International Trade
The rapid implementation of recently concluded trade agreements with Indonesia, Mercosur, India, and Switzerland is supported.
It is also stated that efforts toward future agreements with ASEAN, Gulf countries, and Australia are intended to continue.
Kind regards,
İzmir Commodity Exchange
