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customs union

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customs union

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 Community of Central African States.

In the 19th century, the establishment of the Zollverein between German states was a significant factor contributing to eventual political union in Germany.



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? Mentioned in ? References in periodicals archive
 
And the Gulf region as a whole is doing its best to offset the historical lack of intraregional trade through the creation of a customs union and various regional economic committees.
Letter from the Middle East: different languages, religions and ... by Woodcraft, Clare / Communication World
This customs union agreement, which Turkey signed back in 1995, requires that it be updated to include all new EU members since.
Cyprus' May 21 election: low voter turnout, rejection of Annan Plan ... by Gorvett, Jon / Washington Report on Middle East Affairs
Between 1990, the year before Mercosur was created, and 1995, the first year its customs union took effect, intra-Mercosur exports increased by an average 26% a year.
Blast off by Latin Trade
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