customs union

customs union. Int’l law. A combination of two or more countries within a single customs area with a common external tariff, though each participating country remains politically independent. • The effect is that tariffs originally levied on the traffic of goods between those countries are abolished or else successively dismantled according to an agreed-upon scheme, and that common tariffs are imposed on imports from non-members.

---

词条贡献者

双语律师Julie，国际知名法学院法律专业，擅长翻译各类与证券监管、合规与执法相关的法律文件。