Customs Union | Topics | tutor2u Economics

A group of countries that abolish import tariffs and quotas between member nations to encourage free movement of goods and services. Adopt a common external tariff on imports from non-members countries.

The EU is a customs union: there are no duties on trade between Member States and there is a common external tariff on imports from countries outside the EU. In other words, goods coming into the union pay the same tariff irrespective of which Member State they are imported into.


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