The creation of a larger European market for goods and services that could benefit all those within the member states was amongst the more important reasons for creating the European Union. After the ravages of the two World Wars, the European Union is now an economic giant that represents 31 % of the global GDP. However, the success presented by the European Union would have been impossible without sincere efforts directed towards regional integration and the promotion of human rights and standards of governance for citizens. This essay presents a discussion about the efforts made for the creation of a common European market that presents freedom of movement of goods and fair competition within its boundaries.