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.