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Customs union

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A customs union is 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 normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries.

It is the third stage of economic integration.

Customs union is established through trade pact.

Contents

[edit] List of Customs Unions

Every Common market and Economic and monetary union has also a Customs Union

[edit] Proposed

[edit] Defunct

[edit] See also

[edit] References

de:Zollunion fr:Union douanière fi:Tulliliitto lb:Zollunioun hu:Vámunió nl:Douane-unie pl:Unia celna sv:Tullunion

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