Customs Union

GPTKB entity

Statements (27)
Predicate Object
gptkbp:instanceOf gptkb:economic_agreement
gptkbp:defines an agreement between two or more countries to remove trade barriers and adopt a common external tariff
gptkbp:distinctFrom gptkb:free_trade_agreement
gptkb:single_market
gptkbp:effect increases economic integration
requires coordination of trade policy
gptkbp:example gptkb:European_Union_Customs_Union
gptkb:Eurasian_Customs_Union
gptkb:Southern_African_Customs_Union
Gulf Cooperation Council Customs Union
gptkbp:feature common external tariff on imports from non-members
no tariffs or quotas between members
gptkbp:governedBy gptkb:treaty
gptkbp:purpose facilitate free trade among member countries
harmonize external tariffs
gptkbp:relatedTo gptkb:tariff
gptkb:World_Trade_Organization
gptkb:trade_bloc
economic integration
common market
gptkbp:bfsParent gptkb:European_Union_(pre-Lisbon_Treaty)
gptkb:E.U.
gptkb:European_Union–United_Kingdom_relations
gptkb:European_Single_Market
gptkb:European_Union_(pre-Brexit)
gptkbp:bfsLayer 7
https://www.w3.org/2000/01/rdf-schema#label Customs Union