| 单词 | customs union |
| 释义 | customs union A group of countries with free trade between members and a common external tariff on trade with non-members. These trading rules will govern a large proportion of trade, but may exclude particular sectors of the economy, such as agricultural products. A customs union is distinguished from a free-trade area, which has free trade between members but where members are allowed different tariffs on trade with non-members. |
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