Customs Unions | tutor2u Economics
Student videos

Customs Unions

  • Levels: A Level, IB
  • Exam boards: AQA, Edexcel, OCR, IB, Eduqas, WJEC

A short revision video on customs unions and how they differ from single markets.

Customs Unions

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.

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

The average EU import tariff is 4.8 per cent. The EU common external tariff ranges from 0 per cent on pharmaceutical products and 11 per cent on footwear to as high as 45 per cent on tobacco.

The Southern African Customs Union (SACU) is a customs union between Botswana, Lesotho, Namibia, South Africa and Swaziland.

Kazakhstan, Belarus, Armenia, Kyrgyzstan make up a customs union with Russia –forming the Eurasian customs union system.

Subscribe to email updates from tutor2u Economics

Join 1000s of fellow Economics teachers and students all getting the tutor2u Economics team's latest resources and support delivered fresh in their inbox every morning.

You can also follow @tutor2uEconomics on Twitter, subscribe to our YouTube channel, or join our popular Facebook Groups.

Job board

Teacher of Business Studies

Cedars Upper School, Leighton Buzzard, Bedfordshire

Related Collections

Teaching Vacancies

Recruitment

Advertise your vacancies with tutor2u

Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.

Find our more ›

Advertise your teaching jobs with tutor2u

A New Home for tutor2u Resources

We've just flicked the switch on moving all our digital resources to instant digital download - via our new subject stores.

For every subject you can now access each digital resource as soon as it is ordered. This will always be the latest edition of each resource too (and we'll update you automatically if there is an upgraded version to use).

Simply add the required resources to your cart, checkout using the usual options and your resources will be available to access immediately via your mytutor2u account.