Customs union Totally Explained

Everything about Customs Union totally explained

A customs union is a free trade area with a common external tariff. The participant countries set up common external trade policy, but in some cases they use different import quotas. Common competition policy is also helpful to avoid competition deficiency.
   Purposes for establishing a customs union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries.
   It is the third stage of economic integration.
   Customs union is established through trade pact.

List of Customs Unions

Every Common market and Economic and monetary union has also a Customs Union

Southern African Customs Union
East African Community
Gulf Cooperation Council
MERCOSUR
Central American Customs Union
EU customs zone
EU - Turkey Customs Union (since 1996)
EU - Andorra Customs Union
EU - San Marino Customs Union
Economic and Monetary Community of Central Africa (CEMAC)
West African Economic and Monetary Union (UEMOA)
Andean Community (CAN)
Israel - Palestinian territories (since 1994)
Switzerland - Liechtenstein (since 1924)

Proposed

Customs Union of the Economic Community of West African States (ECOWAS) due in 2007

Customs Union of the Common Market for Eastern and Southern Africa (COMESA), due in 2008

Customs Union of the Southern African Development Community (SADC), due in 2010

Customs Union of the Economic Community of Central African States (ECCAS), due in 2011 ?

Customs Union of the African Economic Community (AEC), due in 2019

Eurasian Economic Community (EurAsEC)

Customs Union of the Organization for Democracy and Economic Development (GUAM) (External Link

)

Customs Union of the North American Free Trade Area (NAFTA)

Customs Union of the Closer Economic Relations (FTA between Australia and New Zealand)

Defunct

Customs and Economic Union of Central Africa (UDEAC) - superseded by CEMAC

Customs Union of the Commonwealth of Independent States (CIS) - proposed successor is EurAsEC

1925 French Customs Union over occupied Saarland

The former ZollvereinFurther Information

Get more info on 'Customs Union'.

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