customs union | englesko - srpski prevod

customs union


An association of nations to promote free trade within the union and set common tariffs for for nations that are not members.
Organization of autonomous countries where trade between member states is free of restrictions, but where a tariff or other restriction is placed on products entering the customs union from nonmember states. Examples include the European Union (EU), the Caribbean Community (Caricom), the Central American Common Market, and the Central African Economic Community.
In the 19th century, the establishment of the Zollverein between German states was a significant factor contributing to eventual political union in Germany.

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