economic union

Frequency: 8.525.0 per million words

A type of trade bloc which is composed of a common market with a customs union.

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Examples (10)

  • The European Union is a well-known example of an economic union.
  • Countries in an economic union often share a common currency.
  • The proposed economic union aims to boost regional trade.
  • Establishing an economic union requires complex negotiations.
  • Members of an economic union benefit from reduced trade barriers.
  • The treaty established a deeper economic union among the nations.
  • An economic union goes beyond a free trade area.
  • Discussions are ongoing to form a new economic union in the continent.
  • The challenges of maintaining a stable economic union are significant.
  • A successful economic union can lead to greater prosperity for its members.