|
|
Customs union |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesCustoms areaCustoms areaA geographic area that is responsible for levying its own customs duties at its border. Customs BrokerCustoms BrokerAn individual or firm licensed by customs authorities to enter and clear imported goods through customs. The broker represents the importer in dealings with the customs authorities. Customs officerCustoms officerThe government official who monitors goods moving across a national border and levies tariffs. Customs procedureCustoms procedureThe practices used by customs officers to clear goods into a country and levy tariffs. Includes clearance procedures such as documentation and inspection, methods of determining a good's classification, and methods of assigning its value as the base for an ad valorem tariff. Any of these can impede trade and constitute a NTB. 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. Further SuggestionsCustoms classificationCustoms duty Customs station Her Majesty's Customs and Excise United States Customs Service Uniform Customs and Practices (Brochure 500) Customs Service |
|
|
|