Abstract

The article discusses the impacts the unification of EC markets from 1993 may
have upon Brazilian manufactured exports. Although the focus falls on the impact of Europe-
92, the analysis also encompasses the effects of the broader process of expansion of
the European economic space, with the formation of the European Economic Zone (EEZ),
between the EC and EFTA, as well as EC’s inevitable integration with Eastern Europe. The
main finding is that the reduction of NBTs stemming both from Europe-92 and the formation
of the EEZ will have a net positive effect on Brazilian manufactured exports. However,
it is also argued that Brazil is threatened both by indirect effects derived from some aspects
of policy harmonization, as well as by the possibility of being discriminated against by more
favoured EC partners of the ACP and the periphery of Europe.

JEL Classification: F15; F14.