Gstöhl, Sieglinde (2008) A Neighbourhood Economic Community - finalité économique for the ENP? College of Europe EU Diplomacy Paper 3/2008, February 2008. [Working Paper]
Upon launching the European Neighbourhood Policy (ENP), the European Commis-sion proclaimed that all the neighbouring countries should be offered the prospect of 'a stake in the internal market' with the free movement of persons, goods, services and capital. The long-term goal was to move towards an arrangement that would ultimately resemble the European Economic Area (EEA). However, within three years, any reference to both the four freedoms and the EEA have disappeared from the Union's discourse. Instead, the concept of a Neighbourhood Economic Community (NEC) was introduced in December 2006. This paper examines how this finalité économique is supposed to be achieved and what it might look like. It is argued that an NEC is likely to develop into a predominantly bilateral network of 'FTA plus' and 'internal market minus' associations and that the multilateral EEA may not serve as a model for this project.
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