A Customs Union represents the most fully developed form of preferential trade agreement among nations.

Name: A Customs Union represents the most fully developed form of preferential trade agreement among nations.
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A Customs Union is not the most fully developed form of preferential trade agreement; that would be an Economic Union, which includes not only a common external tariff but also harmonized economic policies among member countries.

A Customs Union Represents the Most Fully Developed Form of Preferential