NOUN
- an association of nations to promote free trade within the union and set common tariffs for nations that are not members
How To Use customs union In A Sentence
- The formation of a customs union is one of those trade policy changes.
- Only thus can Europe have any ideological and cultural glue; without it we are just a commonwealth of states in a customs union’.
- So he wants to leave the European customs union, which restricts the deals you can do with countries outside it. The Sun
- The existing tariff schemes are inconsistent with the principles of deeper integration more specifically that of the Customs Union.
- Indeed, List, who is commonly known as the father of the infant industry argument, in fact started out as a free-trader he was an ardent supporter of German customs union – Zollverein and learnt about this argument during his exile in the USA during the 1820s Real World Economics -- Protectionism Is Not Always Wrong
- The EU is therefore a customs union: it raises tariffs externally on manufactured imports so that prices are kept up inside the EU for manufactures.
- A customs union mystifies almost everybody. Times, Sunday Times
- A customs union fulfills these criteria-a free trade area as defined in GATT, much less so. Imperial Preference and GATT
- _Switzerland_ and _Holland_ can scarcely escape this attraction, and the _Scandinavian countries_, it is said, would probably find it to their advantage, together with a liberated _Finland_, to form a _Northern Customs Union_, which later, on an independent basis, could _enter in close union with the vast "Zollverein" of Central New York Times Current History: The European War, Vol 2, No. 1, April, 1915 April-September, 1915
- States which did not consider a customs union to be necessary could conclude agreements with the customs union on a free-trade zone.
