A ________ is a group of states that have reduced or eliminated tariffs among themselves and have also established a common external tariff.

Question

Quizplus · Accepted Answer

A customs union is a type of regional integration where a group of countries eliminate internal tariffs and establish a common external tariff for non-member countries. This means that member countries have a common trade policy towards non-member countries, creating a common market within the customs union.

A ________ Is a Group of States That Have Reduced