Uses a short- and medium-term analytical approach to determine how the completion of the Single Market may affect Latin America's exports to the Community. Concludes that the repercussions will, in the short- and medium-term, be negative. In the long-term, a more optimistic scenario could be envisioned for three reasons, viz. (1) the EC market's eventual success in dealing with the vicissitudes of economic adjustment within the framework of more coherent economic policies; (2) the assumption that the multilateral trading system will evolve in the direction of greater openness and competitiveness; and, (3) the Latin American export structure will have to evolve in a dynamic manner in line with the changing conditions of world demand.

3/7/00 M2LMGR