customs union

customs union
one of the main ways in which the European Union seeks to achieve a common market. It involves two major steps:
(1) the prohibition of customs duties and measures having equivalent effect;
(2) the adoption of a common external tariff against the rest of the world.

Collins dictionary of law. . 2001.

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Look at other dictionaries:

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  • customs union — noun an association of nations to promote free trade within the union and set common tariffs for nations that are not members • Hypernyms: ↑union • Hyponyms: ↑Benelux * * * ˈcustoms union 7 [customs union] no …   Useful english dictionary

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