The European Union (EU)is an example of a

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The European Union (EU) is a customs union, which is a type of trade agreement that eliminates tariffs between member countries and establishes a common external tariff on goods imported from non-member countries. In addition to eliminating tariffs, the EU also eliminates other trade barriers and implements common policies on areas such as agriculture and competition. Therefore, it is not a free trade area or a reciprocal trade agreement.

The European Union (EU)is an Example of a