Science Fair Project Encyclopedia
Customs union
A customs union is a free trade zone with a common external tariff. That is, the same customs duties, quotas, preferences or other non-tariff barriers to trade apply to all goods entering the area, regardless of which country within the area they are entering. Purposes for establishing a customs union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries.
Examples of customs unions include the European Union, the EU-Turkey Customs Union, the Southern African Customs Union, the 1925 French Customs Union over Occupied Saarland, and the former Zollverein.
References
- Michael T. Florinsky. 1934. The Saar Struggle. New York: The Macmillan Company.
See also
09-23-2007 01:00:40
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details