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:
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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