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Customs union |
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Customs unionA group of countries that adopt free trade (zero tariffs and no other restrictions on trade) on trade among themselves, and that also, on each product, agree to levy the same tariff on imports from outside the group. Equivalent to an FTA plus a common external tariff.Customs unionAn agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among members.Customs union Similar MatchesUnited States Customs ServiceUnited States Customs ServiceAn agency of the Treasury Department charged with enforcing laws relative to imports. Customs ServiceCustoms ServiceSee U.S. Customs Service. Customs valuationCustoms valuationThe method by which a customs officer determines the value of an imported good for the purpose of levying an ad valorem tariff. When this method is biased against importing, it becomes an NTB. Customs dutyCustoms dutyAn import tariff. Customs areaCustoms areaA geographic area that is responsible for levying its own customs duties at its border. Further SuggestionsCustoms stationCustoms officer Uniform Customs and Practices (Brochure 500) Customs Broker Her Majesty's Customs and Excise Customs classification Customs procedure |
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