European Trade Policy: Weak and Too Liberal
The common trade policy was initially given great importance within European politics: it was seen as a contributing factor to the smooth running of the Common Market (through the suppression of trade barriers) and a way of allowing the Community to express a single viewpoint in international negotiations. The main goal was the promotion of international free trade. However the progressive dismantling of the common tariff barrier meant that one of the essential instruments of trade policy disappeared. It also proved extremely difficult for the Community to control the non-tariff interventions of the different member states; these proliferated in the late 1970s in the context of economic crisis and industrial restructuring.
KeywordsEconomic Crisis Europe Income Argentina Stake
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