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单词 customs union
释义
customs union

Geography
  • A common market encompassing two or more states within whose boundaries there is free trade; with no tariffs or barriers to the movement of goods. In 1996, Turkey established a customs union with the EU; Falcioğlu and Akgüngör (2008) Eur. Plan. Studs 16, 2 find that Turkey’s economic integration with the EU is a significant factor in explaining the change in industry concentration.


Economics
  • A group of countries with free trade between members and a common external tariff on trade with non-members. These trading rules govern a large proportion of trade, but may exclude particular sectors of the economy, such as agricultural products. The European Union is the prime example of a customs union. See also free-trade area.


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