ABSTRACT
The objective of the 1987 Single European Act was to eliminate all barriers to the movement of goods, people and capital within the EU. With the 1992 Maastricht Treaty (or Single Market Programme) the ideas of the Single European Act became concrete. First, the main aspects of the Maastricht Treaty, having an impact on SMEs’ internationalisation strategies, are described. Second, first results of the removal of NTBs are examined. Regarding the introduction of the new currency, the euro, possible consequences can only be supposed. It may be interesting to find out if SMEs are able to exploit their competitive advantage(s) better after the 1992 market opening.
