customs union

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customs union

the prohibition of customs duties and measures having equivalent effect together with the adoption of a common external tariff against the rest of the world.
References in periodicals archive ?
Moreover, the issues of formation of the common energy market for the Customs Union member states and the Single
As a result of the customs union the non-union country when compared relative to the tariff equilibrium will be better off.
When countries 1 and 2 form the customs union the endowment vectors of non-union and union become
When countries 1 and 3 form the customs union the endowment vectors of the non-union and union become
After the customs union, country A still could import from the lower cost source, country D, so long as the amount of imports does not exceed the import quota OG.
q] at the trading point K after the customs union than the trade indifference curve I at the trading point E before the customs union [ILLUSTRATION FOR FIGURE I OMITTED].
In other words, country A will be always better off to grant a quota-free entry to the imports from country U after the customs union than to grant a duty-free entry to the imports from country U after the customs union.
However, country A can choose to make an appropriate non-preferential tariff reduction rather than to join the customs union.
B]) is the net import demand curve of countries A and B before a customs union (i.
Now consider the case where country A imposes an import quota instead of a tariff before it forms a customs union with country B.
Next suppose that countries A and B form a customs union.