Home > Term: customs union
customs union
An agreement between two or more countries to remove trade barriers between each other and to establish common tariff and nontariff policies with respect to other countries. The European Community (EC) of the European Union (EU) is the best know customs union.
- Part of Speech: noun
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
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- AjayOwor
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