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Customs union
(redirected from customs unions)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.04 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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Curiously, however, the past decade has seen the establishment of numerous trade agreements ranging from preferential trade areas to customs unions independent of the WTO.
Some propounded customs unions, others pan-European union, while the French foreign minister, Aristide Briand, proposed "the establishment of a common market aiming to raise the level of human well-being on all the territories of the European community.
Worldtariff also provides customized preference duty tables which assist in navigation through customs unions and free trade areas, such as NAFTA.
 
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