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European economic integration has gathered new momentum since Member States of the European Community (EC) signed the Single European Act in February 1986 aimed at creating a region with no internal frontiers and with free movement of goods and services, capital, labour and the professions by the end of the year 1992. Since then, numerous decisions have been made by EC heads of governments , the EC Council of Members, the EC Commission, the European Parliament and the twelve national parliaments in order to achieve this ambitious goal. As third world countries are increasingly becoming more aware of the emerging internal EC market, they are increasingly concerned about the implications and repercussions of this single European market on their future economic relations with the EC and the impact on their national economies.
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