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customs union

noun

customs union

noun
1

A type of trade bloc which is composed of a free trade area with a common external tariff.

  • It appears the whole UK will remain in the customs union, so there are no tariff divergences or checks either on the island of Ireland or within the United Kingdom.2018, Jonathan Lis, “Theresa May faces her party as a desperate gambler in hope of a break”, in Guardian:

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.