| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,521,237,426 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
customs union |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.07 sec. |
customs unionTrade agreement by which a group of countries charges a common set of tariffs to the rest of the world while allowing free trade among themselves. It is a partial form of economic integration, intermediate between free-trade zones, which allow mutual free trade but lack a common tariff system, and common markets, which both utilize common tariffs and allow free movement of resources including capital and labour between members. Well-known customs unions include the Zollverein, a 19th-century organization formed by several German states under Prussian leadership, and the European Union, which passed through a customs-union stage on the path to fuller economic integration. See also European Community; General Agreement on Tariffs and Trade; North American Free Trade Agreement; World Trade Organization. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
Curiously, however, the past decade has seen the establishment of numerous trade agreements ranging from preferential trade areas to customs unions independent of the WTO. Some propounded customs unions, others pan-European union, while the French foreign minister, Aristide Briand, proposed "the establishment of a common market aiming to raise the level of human well-being on all the territories of the European community. Worldtariff also provides customized preference duty tables which assist in navigation through customs unions and free trade areas, such as NAFTA. |
| Encyclopedia |
| Free Tools: |
For surfers:
Browser extension |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|