Word: tariffs
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Dates: during 1990-1999
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...Europeans, who now face a gigantic opportunity in the collapse of East European communism. In theory, the European Community is supposed to complete its basic economic merger in 1992, when it will have free movement of capital, open borders, no trade barriers among the member nations and a common tariff on outside goods. Some now see difficulties in the new possibility of German reunification and an economic opening to the East. Leaders of the European Community are convinced, however, that the answer to that possibility is not to delay the Western merger but to speed it up. "Time is short...