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Customs union

noun

Definitions

Noun
  1. 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."

  2. 2
    an association of nations to promote free trade within the union and set common tariffs for nations that are not members wordnet

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