customs union definition

  • noun:
    • An international organization arranged to get rid of customs constraints on products exchanged between member countries and also to establish a uniform tariff policy toward nonmember nations.
    • a type of trade bloc that will be made up of a free trade area with a typical outside tariff
    • an association of countries to market free-trade inside the union and set typical tariffs for countries that are not users
    • An international organization organized to remove traditions limitations on items exchanged between member nations and establish a uniform tariff policy toward nonmember countries.
    • a kind of trade bloc which will be composed of a free of charge trade area with a standard additional tariff
    • an association of nations to advertise free-trade in the union and set common tariffs for countries that are not users

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  • Definition for "customs union"
    • An international organization arranged to get rid of…
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