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customs union

   Also found in: Financial, Acronyms, Encyclopedia, Wikipedia 0.01 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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The presidents of Russia, Kazakhstan and Belarus reached a deal Friday to create a customs union among their three ex-Soviet states from July 1 next year.
We look to carry out the joint customs union, which will be the core for the Arab Customs Union and develop ties between our countries," Dahabi said.
The official start of the training center was marked by the Secretary General of the World Customs Union, Kunio Mikuriya, with a lecture on the subject "Customs in the 21st Century".
 
 
 
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