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Customs union

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
Customs union
An agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among members.


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And the Gulf region as a whole is doing its best to offset the historical lack of intraregional trade through the creation of a customs union and various regional economic committees.
Letter from the Middle East: different languages, religions and ... by Woodcraft, Clare / Communication World
This customs union agreement, which Turkey signed back in 1995, requires that it be updated to include all new EU members since.
Cyprus' May 21 election: low voter turnout, rejection of Annan Plan ... by Gorvett, Jon / Washington Report on Middle East Affairs
Between 1990, the year before Mercosur was created, and 1995, the first year its customs union took effect, intra-Mercosur exports increased by an average 26% a year.
Blast off by Latin Trade
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