Customs union
An agreement by two or more countries to erect a common external tariff and to abolish
restrictions on trade among members.
Related Terms: ...
Customs Union
Definition of Customs Union
A Customs union is a group of countries who agree to have free trade amongst themselves and agree a common external tariff to countries outside the zone.
Customs union
Definition: A group of countries which removes tariff barriers between member countries and also imposes common external tariffs on non-members.
Related glossary term: ...
CUSTOMS UNION
A group of nations that have eliminated tariffs and sometimes other barriers that impede trade with each other, while maintaining a common external tariff on goods imported from outside the union.
Customs Union.
An agreement between two or more countries to remove trade barriers with each other and to establish common tariff and nontariff policies with respect to imports from countries outside of the agreement.
Customs Union - A form of regional economic integration group that eliminates tariffs among member nations and establishes common external tariffs.
Debtor Nation - A nation that is owed less in foreign currency than it owes other nations.
Customs Union (CU):
A regional trade agreement whereby member countries agree to remove any tariff and customs barriers on intra-regional trade and to set up a common external tariff on imports from countries outside the Union.
Customs union/Common market - A group of countries with free trade between them and a common external tariff.
Customs Union
The Customs Territories of the European Union (EU), Turkey, San Marino and Andorra.
CUSTOMS UNION: An agreement among two or more nations to eliminate trade restrictions with each other and to adopt a common trade policy with other nations.
customs union a free trade area with a common external tariff. (18)
cyclical deficit the difference between the actual deficit and the structural deficit. (29) ...
A customs union is an exception to the WTO rule. Members of a customs union may eliminate import duties on one another's goods while maintaining a unified tariff on imports from other WTO countries.
Among other things, it intends to promote the formation of FTAs and customs unions among regional groups within Africa that will eventually merge into an African Common Market.
African Growth and Opportunity Act
U.S.
A common market is a customs union where there is also free movement of labour and capital between its members. A customs union is a free trade area where members agree to impose a common external tariff on trade with non-members.
The original Treaty was based on the establishment of a common market, a customs union and common policies. Articles 2 and 3 directly address these three issues.
Usually assessed on imports, tariffs may apply to all foreign goods or only to goods produced outside the borders of a customs union.
More comprehensive agreements, such as those of the and other customs unions, lower or even eliminate tariffs among groups of nations.
International trade flows that are generated in response to formation of a customs union or free trade area as member countries reallocate resources more efficiently, ...
International Monetary Fund
Preferential trading area
Free trade area Â- Customs union
Single market Â- Economic union
Monetary union Â- Fiscal union
Customs and monetary union
Economic and monetary union ...
in demand and prices. Lower mineral revenues were compounded by slower growth in other revenue sources, including Southern African Customs Union (SACU) revenues, earnings from foreign exchange reserves, and domestic tax revenues.
Customized benchmarks A benchmark that is designed to meet a client's requirements and long-term objectives. Customs union An agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among ...
 See also: Tariff, Tariffs, Free trade, Common external tariff, GATT
  
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