customs union

Frequency: 7.313.8 per million words

A free trade area with a common external tariff.

Categories:

Examples (10)

  • Several countries formed a customs union to boost trade.
  • The agreement established a customs union between the two nations.
  • Members of a customs union share a common external tariff.
  • Joining the customs union significantly increased exports.
  • The customs union eliminates duties on goods moving between members.
  • Turkey has a longstanding customs union with the European Union.
  • Leaving the customs union resulted in new border checks.
  • A customs union simplifies trade logistics for member states.
  • They are negotiating to expand the existing customs union.
  • Economic integration often begins with a customs union.