A customs union is:
A)a group of countries that agrees there will be "no rules" about trade-anything goes.
B)a group of countries that agrees to eliminate customs fees and containerized shipping charges on goods traded among
Them.
C)a group of countries agreeing to eliminate barriers to trade between themselves but keeping tariffs in place against the rest
Of the world.
D)a group of countries that eliminates trade barriers among themselves and erects a common tariff against all other nations.

Question

Quizplus · Accepted Answer

A customs union eliminates trade barriers (such as customs fees) among member countries but maintains a common external tariff against non-member countries. This means that goods from outside the customs union will face the same tariff regardless of which member country they enter.

A Customs Union Is