Customs unions are a form of regional integration where member countries lower internal trade barriers and establish a common barrier against nonmembers.

Question

Quizplus · Accepted Answer

Customs unions involve member countries reducing or eliminating tariffs and other trade barriers among themselves while maintaining a common external tariff on imports from non-member countries, thus facilitating easier trade within the union and a unified stance towards trade with the rest of the world.

Customs Unions Are a Form of Regional Integration Where Member