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Europe 1992: the external trade implications

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  • André Sapir

Abstract

This paper examines the external dimension of the completion of the European internal market (“Europe-1992”). It starts with a short review of the relevant tools from customs union theory, which are used to evalutate the effect of the 1992 programme on third countries (in particular, the United States) under the assumption of unchanged trade policy. The paper then assesses the possibility of changes in EC external trade policy after 1992. It suggests that existing GATT rules and the current Uruguay Round of multilateral trade negotiations impose constraints on changes in the external trade policy of the Community. Finally, the paper argues in favor of internal and external liberalization in the Community. [F15]. © 1992, Taylor & Francis Group, LLC. All rights reserved.

Suggested Citation

  • André Sapir, 1992. "Europe 1992: the external trade implications," ULB Institutional Repository 2013/8210, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:ulb:ulbeco:2013/8210
    Note: SCOPUS: ar.j
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    Cited by:

    1. Agarwal, Jamuna Prasad, 1992. "EC 92 and its effect on foreign direct investment in developing countries," Kiel Working Papers 544, Kiel Institute for the World Economy (IfW Kiel).

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