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 ?
There is a discussion with Russian colleagues about understanding what the association and a free trade area with the European Union and on which position the leadership of Russia and the Customs Union stand.
A draft agreement will be prepared to support appropriate entry of Kyrgyzstan into the Customs Union.
The Working Party on Customs Union discusses issues of customs policy and legislation that are not related to customs duties and other aspects of the EU s external trade policy, namely draft legislation in the area of the EU Customs Union, Council conclusions related to matters discussed by the group, issues of customs cooperation and mutual assistance between the EU and the third countries.
The Customs Union of Belarus, Kazakhstan and Russia will be accompanied by Tajikistan, he Tajik Economic Development and Trade Ministry said.
The poll was conducted concerning entry into the Customs Union, the Minister said.
The country's entry into the Customs Union will also entail competition with CU countries.
17% of respondents have import and export transactions with the Customs Union countries.
Entry of Kyrgyzstan will create problems for economies of the Customs Union," Slepnev said at the seminar of heads of diplomatic missions and consular agencies held in Minsk.
Government members explain the key ideas of the road map at information sessions, outlining advantages and disadvantages of the Customs Union accession.
During entry into the Customs Union I think there won't be sharp rise of prices, since competition is high, but customs fees will grow," Minister Sariyev stressed.
The goal of the campaign is to provide accurate information about entry of Kyrgyzstan into the Customs Union and to avoid wrong interpretation of this process.
To enter the Customs Union, Kyrgyzstan needs to develop and adopt more than 30 legislative acts," the Economy Minister said.