A group of countries that adopt free trade (zero tariffs and no other restrictions on trade) on trade among themselves, and that also, on each product, agree to levy the same tariff on imports from outside the group. Equivalent to an FTA plus a common external tariff.
Related information about customs union:
- Customs union - Wikipedia, the free encyclopedia
A customs union is a type of trade bloc which is composed of a free trade area with a common external tariff. The participant countries set up common external ...
- European Union Customs Union - Wikipedia, the free encyclopedia
The customs union is a principal task of the European Economic Community, established in 1958, and now succeeded by the European Union. No customs are ...
- Customs Union of Belarus, Kazakhstan and Russia - Wikipedia, the ...
The Customs Union between Belarus, Kazakhstan, and Russia came into existence on January 1, 2010. Belarus, Kazakhstan, and Russia are to go on with ...
- customs union -- Britannica Online Encyclopedia
A trade agreement by which a group of countries charges a common set of tariffs to the rest of the world while granting free trade among themselves. It is a partial ...
- Taxation and Customs Union - European commission
FINANCIAL TRANSACTION TAX: Commission proposes green light for enhanced cooperation. The Member States that wish to apply an EU financial transaction ...
- What is customs union? definition and meaning
Definition of customs union: Agreement between two or more (usually neighboring) countries to remove trade barriers, and reduce or eliminate customs duty on ...
- customs union: Definition from Answers.com
customs union n. An international association organized to eliminate customs restrictions on goods exchanged between mem.
- customs union - The Free Dictionary
An international association organized to eliminate customs restrictions on goods exchanged between member nations and to establish a uniform tariff policy ...