Encyclopedia > Customs union

Article Content

Customs union

A customs union is a free trade area with a common external tariff. That is, the same customs duties, quotas, preferences and so forth apply to all goods entering the area, regardless of which country within the area they are entering.

Examples of customs unions include the EFTA, the European Community, the Zollverein[?], and the Turkey-EC customs union.

see also international trade

All Wikipedia text is available under the terms of the GNU Free Documentation License

Search Encyclopedia

Search over one million articles, find something about almost anything!

Featured Article

Photosynthesis

... intermediates. Photosynthesis has two distinct stages, called the light reaction and carbon fixation[?], which typically occurs via the Calvin cycle. Table of ...