A free trade area with a common external tariff is called a(n)

Question

Quizplus · Accepted Answer

A customs union is a type of regional integration where member countries eliminate internal tariffs between themselves and establish a common external tariff (CET) on goods imported from non-member countries. This means that all member countries of the customs union apply the same tariff rates to goods imported from outside the union, making it easier to enforce trade regulations and avoid trade diversion.

A Free Trade Area with a Common External Tariff Is