customs union

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English

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Noun

customs union (plural customs unions)

  1. A type of trade bloc which is composed of a free trade area with a common external tariff.
    • 2018, Jonathan Lis, Theresa May faces her party as a desperate gambler in hope of a break in the Guardian.[1]
      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.

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