A customs union is a type of trade bloc which is composed of a free trade area with a common external tariff. The participant countries set up common external trade policy, but in some cases they use different import quotas. Common competition policy is also helpful to avoid competition deficiency. Purposes for establishing a customs union normall...
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http://en.wikipedia.org/wiki/Customs_union
The customs union (Articles 28-29 of the Treaty on the Functioning of the European - TFEU) is an essential foundation of the EU and of its single 28-country market. For the single market to function properly, EU countries have agreed standardised rules that are applied in a uniform manner by all 28 EU customs administrations.
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http://eur-lex.europa.eu/summary/glossary/customs_union.html
A group of countries that adopt free trade (zero tariffs and no other restrictions on trade) on trade among themselves, and that also, on each product, agree to levy the same tariff on imports from outside the group. Equivalent to an FTA plus a common external tariff.
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http://www-personal.umich.edu/~alandear/glossary/c.html
a trade agreement by which a group of countries charges a common set of tariffs to the rest of the world while granting free trade among themselves. ... [5 related articles]
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http://www.britannica.com/eb/a-z/c/172
An agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among members.
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http://www.encyclo.co.uk/local/20047
A group of countries which removes tariff barriers between member countries and also imposes common external tariffs on non-members.
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http://www.encyclo.co.uk/local/20140
A group of countries which removes tariff barriers between member countries and also imposes common external tariffs on non-members
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http://www.encyclo.co.uk/local/20414
The Customs Territories of the European Union (EU), Turkey, San Marino and Andorra. The unions between the EU and these countries enable most goods in free circulation to move freely between them without the need to claim import duty relief, subject to the production of any necessary preference or community transit (CT) documentation. VAT is still ...
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http://www.encyclo.co.uk/local/20546
Organization of autonomous countries where trade between member states is free of restrictions, but where a
tariff or other restriction is placed on products entering the customs union from...
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http://www.encyclo.co.uk/local/20688
An agreement between two or more countries to remove trade barriers between each other and to establ
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http://www.encyclo.co.uk/local/22399
A benchmark that is designed to meet a client's requirements and long-term objectives.
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http://www.encyclo.co.uk/local/22402
A group of nations which have agreed to promote free trade, for example, not to charge tax on goods which they trade with one another, and to set taxes for nations which are not members of the group
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http://www.encyclo.co.uk/local/22643
[
n] - an association of nations to promote free trade within the union and set common tariffs for nations that are not members
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http://www.webdictionary.co.uk/definition.php?query=customs%20union
noun an association of nations to promote free trade within the union and set common tariffs for nations that are not members
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https://www.encyclo.co.uk/local/20974
Organization of autonomous countries where trade between member states is free of restrictions, but where a tariff or other restriction is placed on products entering the customs union from non-member states. Examples include the European Union (EU), the Caribbean Community (CARICOM), the Central American Common Market, and the Economic Communi...
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https://www.encyclo.co.uk/local/21221
an association of independent nations or tariff areas created to remove customs barriers between them and to adopt a uniform tariff policy toward nonmember nations.
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https://www.infoplease.com/dictionary/customs-union
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