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Economics

Study Presentations

Common External Tariff - Analysis and Evaluation

Level:
A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

This is an example of a colour coded approach to writing an exam essay for A2 macro on the impact on consumers and producers of the common external tariff which is part of the EU's customs union.

What is a customs union?

A customs union comprises a group of countries that agree to:
  1. Abolish tariffs and quotas between member nations to encourage free movement of goods and services. 
  2. Adopt a common external tariff (CET) on imports from non-members countries. In the case of the EU, the tariff imposed on, say, imports of South Korean TV screens will be the same in the UK as in any other EU country

Preferential tariff rates apply to preferential or free trade agreements that the European Union has entered into with third countries or groupings of third countries


The European Union is a customs union. The EU also has customs union agreements with Turkey, Andorra and San Marino

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