customs union
| Dictionary: customs union |
n.
An international association organized to eliminate customs restrictions on goods exchanged between member nations and to establish a uniform tariff policy toward nonmember nations.
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| Britannica Concise Encyclopedia: customs union |
For more information on customs union, visit Britannica.com.
| Geography Dictionary: customs union |
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.
| Political Dictionary: customs union |
A customs union, unlike a free trade area, requires its members to adopt a common external tariff of customs duties. The objective, seldom in fact achieved, is to enable goods (but not labour or capital) to move freely throughout the union.
— Charles Jones
| Wikipedia: Customs union |
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International Trade Series
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| International trade |
| History of international trade |
| Political views |
| Fair trade |
| Trade justice |
| Free trade |
| Protectionism
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| Economic integration |
| Preferential trading area |
| Free trade area |
| Customs union |
| Single market |
| Economic and monetary union |
| Complete economic integration |
| Other |
| Trade pact |
| Trade bloc |
| Trade creation |
| Trade diversion |
A customs union is a type of trade bloc which is composed of a free trade area with a common external tariff. The participant countries set up common external trade policy, but in some cases they use different import quotas. Common competition policy is also helpful to avoid competition deficiency.
Purposes for establishing a customs union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries.
It is the third stage of economic integration.
Customs union is established through trade pact.
Contents |
List of customs unions
Every Common market and Economic and monetary union has also a Customs Union
Agreements Notified to the GATT/WTO and in Force
| Agreement | Date (in force) | Recent reference |
|---|---|---|
| Central American Common Market (CACM) | 1961-10-12 | WT/REG93/R/B/2 |
| Andean Community (CAN) | 1988-5-25 | L/6737 |
| Caribbean Community (CARICOM) | 1973-8-1 | WT/REG92/R/B/1 |
| Economic and Monetary Community of Central Africa (CEMAC) | 1999-6-24 | WT/COMTD/N/13 |
| East African Community (EAC) | 2000-7-7 | WT/COMTD/N/14 |
| Eurasian Economic Community (EAEC) | 1997-10-8 | WT/REG71/8 |
| European Economic Area (EEA)Needs updating | 1958-1-1 | WT/REG138/2 |
| - EC — Andorra | 1991-7-1 | WT/REG53/M/3 |
| - EC — Turkey | 1996-1-1 | WT/REG22/M/4 |
| Gulf Cooperation Council (GCC) | 2003-1-1 | WT/COMTD/N/25 |
| Southern Common Market (MERCOSUR) | 1991-11-29 | WT/COMTD/1/Add.17 |
| Southern African Customs Union (SACU) | 2004-7-15 | WT/REG231/3 |
| West African Economic and Monetary Union (WAEMU) | 2000-1-1 | WT/COMTD/N/11/Add.1 |
Proposed
- 2007 Economic Community of West African States (ECOWAS)
- 2008 Common Market for Eastern and Southern Africa (COMESA)
- 2010 Arab Customs Union (ACU)[1]
- 2010 Southern African Development Community (SADC)
- 2011 Economic Community of Central African States (ECCAS)
- 2015 Arab Common Market (ACM)]
- 2019 African Economic Community (AEC)
- Closer Economic Relations (FTA between Australia and New Zealand)
- North American Free Trade Area (NAFTA)
Defunct
- Customs and Economic Union of Central Africa (UDEAC) - superseded by CEMAC
- 1925 French Customs Union over occupied Saarland
- The former Zollverein
References
See also
- The McGill University Faculty of Law runs a Regional Trade Agreements Database that contains the text of almost all preferential and regional trade agreements in the world. ptas.mcgill.ca
- Michael T. Florinsky. 1934. The Saar Struggle. New York: The Macmillan Company.
- List of international trade topics
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Learn More
 | Benelux (economic union of Belgium) |
| common market |
| Johann Schober (Austrian statesman) |
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Copyrights:
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 | Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved. Read more |
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| Britannica Concise Encyclopedia. Britannica Concise Encyclopedia. © 2006 Encyclopædia Britannica, Inc. All rights reserved. Read more |
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| Geography Dictionary. A Dictionary of Geography. Copyright © Susan Mayhew 1992, 1997, 2004. All rights reserved. Read more |
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| Political Dictionary. The Concise Oxford Dictionary of Politics. Copyright © 1996, 2003 by Oxford University Press. All rights reserved. Read more |
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| Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Customs union". Read more |
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Mentioned in
- Benelux (economic union of Belgium)
- common market
- Johann Schober (Austrian statesman)
- William I (king of Württemberg)
- Decapolis (organization, ancient city, Jordan)
- free trade area
- zollverein
- Gdańsk
- Friedrich List (German economist)
- customs and excise
- Gulf Co-operation Council
- Trading Blocs
- Saarland (state, Germany)
- Motherland Party
