Customs union

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International Trade Series
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International trade
History of international trade
Fair trade
Free trade
Protectionism
Trade pact
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Preferential trading area
Free trade area
Customs union
Trade creation
Trade diversion
Monetary union
Common market
Economic and monetary union

A customs union is a free trade area with a common external tariff. The participant countries set up common external trade policy, but in some cases they use different import quotas. Common competition policy is also helpful to avoid competition deficiency.

Purposes for establishing a customs union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries.

It is the third stage of economic integration.

Customs union is established through trade pact.

Contents

[edit] List of Customs Unions

Every Common market and Economic and monetary union has also a Customs Union

[edit] Proposed

[edit] Defunct

[edit] See also

[edit] References

  • Michael T. Florinsky. 1934. The Saar Struggle. New York: The Macmillan Company.bg:Митнически съюз

ca:Unió duanera de:Zollunion es:Unión aduanera eo:Doganunio fr:Union douanière ko:관세 동맹 lb:Zollunioun hu:Vámunió nl:Douane-unie ja:関税同盟 no:Tollunion pl:Unia celna pt:União aduaneira ru:Таможенный союз sk:Colná únia fi:Tulliliitto sv:Tullunion uk:Митний союз zh:關稅同盟

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