Despite the implementation of the Common Market, European economic integration still remained unachieved in the mid-1980s. The "costs of Non-Europe" were addressed in the White Paper of 1985, proposing some 300 measures to promote the liberalisation of trade in goods and services and of factor movements, such as the cancellation of border formalities and non tariff barriers having survived the Common market, the liberalisation of public procurement practices, the mutual recognition of technical standards, and financial integration and deregulation, the free movement of citizens. Ex ante studies -synthesised in the Cecchini report- suggested that the Single Market would tend to lower prices through increased competition, induce market structure transformations, and foster a concentration of resources in more efficient uses. These effects would translate into sizeable welfare gains, increases in GDP, and increased competitiveness vis-a-vis non-member countries.
single market; trade liberalization; trade policy; intra-industry trade; european integration; quality; specialization; NTB
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