European Union Customs Union
The European Union Customs Union is a customs union which consists of all the Member States of the European Union (EU), Turkey and three European microstates: San Marino, Monaco and Andorra. No customs are levied on goods travelling within the customs union and members of the customs union impose a common external tariff on all goods entering the union. One of the consequences of the customs union is that the European Union has to negotiate as a single entity in international trade deals such as the World Trade Organisation.
Read more about this topic: Free Trade Areas In Europe
Famous quotes containing the words european, union and/or customs:
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