The potential for trade diversion is smaller when a custom union's external tariff is lower rather than higher.
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Q128: If a customs union included all of
Q129: For countries forming a customs union, the
Q130: It is generally agreed that completing the
Q131: By the mid-1990s, the European Union had
Q132: As of 1992, the European Union had
Q134: Some trade creation was expected to occur
Q135: During the 1980s and 1990s, the United
Q136: Negotiating the North American Free Trade Agreement
Q137: To protect its farmers from foreign competition,
Q138: The larger the size and the greater
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