ABSTRACT

Several years ago this author predicted that the success of the Uru­ guay Round would not mean that the move towards the consolidation of trading blocks would be stopped, only that the move would be slower. A scenario of confrontation would rapidly develop if any of the two existing or potential trading blocks (the EC/EEA and the US/NAFTA1) should, first, lose interest in the multilateral process of negotiation; second, become an entity which systematically excludes would-be candidates from joining in new initiatives; third, maintain or increase the average level of protection against non-members; fourth, resort to bilateral reciprocity for the granting of trade conces­ sions; fifth, impose unilaterally retaliatory measures and resort to threats; or sixth, discriminate against foreign producers within the block.