A _________________ allows no tariffs or other barriers on trade among members,and it harmonizes trade policies toward the rest of the world.
A)Preferential trade arrangements
B)Customs union
C)Common market
D)Free trade area

Question

Quizplus · Accepted Answer

A customs union involves the removal of tariff barriers between members and the adoption of a common external tariff on all goods coming into the union. This means members have no tariffs or other trade barriers for intra-union trade and agree on tariffs for trade with non-member countries.

A _________________ Allows No Tariffs or Other Barriers on Trade