International Trade and the Internal Market

  • Anthony J. Venables
Part of the Southampton Series in International Economics book series (SOSIE)


Removal of barriers to trade is at the heart of the European Community’s completion of the internal market programme. Tariffs and quotas on intra-Community trade have almost entirely been dismantled, but other non-tariff barriers remain. Some of these increase the costs of undertaking intra-Community trade, while others amount to actual or virtual prohibitions of certain trades.


Trade Cost Trade Barrier Welfare Gain Trade Diversion Trade Creation 
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  4. Smith, A. and Venables, A.J. (1988) ‘Completing the internal market in the European Community: some industry simulations’, European Economic Review, Vol. 32, pp. 1501–25.CrossRefGoogle Scholar

Copyright information

© George McKenzie and Anthony J. Venables 1991

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  • Anthony J. Venables

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