Abstract
Potential risks regarding the Memorandum: 1 The Memorandum lacks simplicity and standardization. One option for the agreement was to merge in one standard text for all countries, which did not actually happen. 2 Postponed liberalization of several sectors compared to others. This discriminatory progressive liberalization has several negative effects. These tailor-made schedules may remove the immediate problems of pressure groups asking the government to be the last one liberalized, but they can impose high pressure later. As the products, which are liberalized late, E co n om ic A n n al s n o 15 6, J an u ar y 20 03 M ar ch 2 00 3 101 Martin Dimitrov*
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