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customs union

   Also found in: Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
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.
customs union
n
(Economics) an association of nations which promotes free trade within the union and establishes common tariffs on trade with nonmember nations
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.customs union - an association of nations to promote free trade within the union and set common tariffs for nations that are not members
union - a political unit formed from previously independent people or organizations; "the Soviet Union"
Benelux - a customs union comprising Belgium and Netherlands and Luxembourg


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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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