Customs union: Difference between revisions
Content deleted Content added
Simon_J_Kissane (talk) No edit summary |
(No difference)
|
Revision as of 07:01, 25 July 2001
A customs union is an 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, irregardless of which country within the area they are enterring.
Examples of customs unions include the European Community, and the Turkey-EC customs union.