CUSTOMS UNION • DICTIONARY ONE.COM • Definition of Customs union

/kˈəstəmz jˈunjən/ Listen

Customs union

noun

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

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Etymology of 'Customs union'

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"Customs union" Quotes from Famous Books

... together, while the foreign trade of Bremen is about one fourth that of Hamburg. BREMEN, like Hamburg, was for centuries a free port of entry, but in 1888 both Hamburg and Bremen gave up in great part their free port privileges and entered the general customs union of the empire. Both cities were extremely loath to give up their ancient unique commercial privileges, for they feared an immense loss of trade in doing so, but it was hoped that what they lost in foreign ...

— Up To Date Business - Home Study Circle Library Series (Volume II.) • Various

... activity of extremists, too radical to be taken seriously. Coupled with this plan, as an instrument of economic consolidation, the German officials used with only slight modification the system of customs union expansion which aided Prussia in former years to extend her domination over the other German States now making ...

— Kelly Miller's History of the World War for Human Rights • Kelly Miller

Words linked to "Customs union" : Benelux, union