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EUROPE 1992 : THE EXTERNAL TRADE IMPLICATONS
SAPIR, ANDRE 한국국제경제학회 1992 International Economic Journal Vol.6 No.1
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 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.