Also found in: Thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia.
Related to customs union: Common Market, Economic union
An international association organized to eliminate customs restrictions on goods exchanged between member nations and to establish a uniform tariff policy toward nonmember nations.
(Economics) an association of nations which promotes free trade within the union and establishes common tariffs on trade with nonmember nations
Switch to new thesaurus
|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