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An international association organized to eliminate customs restrictions on goods exchanged between member nations and to establish a uniform tariff policy toward nonmember nations.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(Economics) an association of nations which promotes free trade within the union and establishes common tariffs on trade with nonmember nations
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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|Noun||1.||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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.