customs union
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English
[edit]Noun
[edit]customs union (plural customs unions)
- A type of trade bloc which is composed of a free trade area with a common external tariff.
- 2018, Jonathan Lis, “Theresa May faces her party as a desperate gambler in hope of a break”, in Guardian[1]:
- It appears the whole UK will remain in the customs union, so there are no tariff divergences or checks either on the island of Ireland or within the United Kingdom.
Translations
[edit]a type of trade bloc which is composed of a free trade area with a common external tariff
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