customs union


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Related to customs union: Common Market, Economic union

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
ThesaurusAntonymsRelated WordsSynonymsLegend:
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
References in periodicals archive ?
The deal also want to ease an access for CIS producers to the single customs territory of the Customs Union and boost trade and economic cooperation.
ySTANBUL (CyHAN)- The customs union agreement is one of the rare agreements that have been signed over the last two decades of Turkey-European Union relations.
Riyadh, Jumada I 8, 1435, Mar 9, 2014, SPA -- The Customs Union Organization of Gulf Cooperation Council (GCC) Arab States held its 6th meeting at the GCC headquarters here today.
Speaking about fundamental changes from Armenia's upcoming accession to Customs Union, one should take into
The UAE is eager to see the full launch of the GCC Customs Union by early 2015 after the removal of all hiccups.
Turkey and the European Union have asked the World Bank to prepare a report on the functioning of the Customs Union scheme after the issue has heated up with a possible EU-US trade deal.
Riyadh, June 2nd (BNA) --GCC Customs Directors General held their first meeting of the Customs Union's Authority at the GCC General Secretariat's Headquarters in Riyadh.
Summary: Gulf Arab countries plan to resolve all outstanding issues about their customs union over the next three years in order to have it fully operational by 2015, a top United Arab Emirates official said Saturday.
The six GCC states have moved closer to fully implement their much-delayed customs union and only 'administrative' hurdles remain, Gulf officials said.
Amman, March 31 (Petra) - Minister of Industry and Trade Amer Hadidi highlighted on Wednesday the importance of establishing the Jordanian-Egyptian Customs Union, which will form the nucleus of the Arab Customs Union in the framework of the Arab League.
ISTANBUL, Feb 19, 2010 (TUR) -- The Turkish chief EU negotiator said on Friday that Turkey's Customs Union agreement with EU should be reviewed.
It has been known that making a non-preferential tariff reduction is always superior to joining a customs union (Cooper and Massell, 1965].