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customs union. In DICTIOUS you will not only get to know all the dictionary meanings for the word
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English
Noun
customs union (plural customs unions)
- A type of trade bloc which is composed of a free trade area with a common external tariff.
2018, Jonathan Lis, “Theresa May faces her party as a desperate gambler in hope of a break”, in Guardian:It appears the whole UK will remain in the customs union, so there are no tariff divergences or checks either on the island of Ireland or within the United Kingdom.
Translations
a type of trade bloc which is composed of a free trade area with a common external tariff