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.