Customs Union. Member States of each regional economic community agree to progressively establish among them during a transitional period specified in Article 6 of this Treaty, a Customs Union involving:
Customs Union. Article 2 A customs union is hereby established between the European Economic Community and the Republic of San Marino for products covered by Chapters 1 to 97 of the Common Customs Tariff, except products falling within the scope of the Treaty establishing the European Coal and Steel Community.
Customs Union. Member States agree to progressively establish between them during a transitional period, as specified in Article 6 of this Treaty, a Customs Union involving:
Customs Union. Trade between the GCC member States will be conducted within the framework of a customs union that will be implemented no later than the first of January 2003. It shall include, at a minimum, the following:
Customs Union. Article 2 A customs union shall be established between the European Economic Community and Andorra for the products covered by Chapters 25 to 97 of the Harmonized System in accordance with the procedure and conditions set out under this Title.
Customs Union. Article 20 The Parties confirm that their aspiration to ensure finalization of the Customs Union formation is based on the functioning of the free trade regime, gradual establishment of the unified procedure of foreign trade activity regulation and fulfilment of commitments, proceeding from principles and provisions of agreements on Customs Union.
Customs Union. It is a free trade agreement, wherein countries will have a common external tariff schedule to import from other countries. For example; India, Sri Lanka and Myanmar decides that they have common external tariff schedules to deal with China, say 12%. For the purposes of this agreement, a customs territory shall be understood to mean any territory with respect to which separate tariffs or other regulations of commerce are maintained for a substantial part of the trade of such territory with other territories.
Customs Union. Member countries of a customs union remove trade barriers among themselves and adopt common external trade barriers. Contd……… ■ Economic Union : An economic union is one of the different types of trade blocs. It refers to an agreement between countries that allows products, services, and workers to cross borders freely. The union is aimed at eliminating internal trade barriers between the member countries, with the goal of economically benefitting all the member countries. ■ Full Integration : The full integration of member countries is the final level of trading agreements. Benefits of Regional Trading Agreements/ FTA
Customs Union. The customs union is a more advanced degree at the level of the integration mechanism than the free trade area. Article 24 of xxx Xxx defined it as "the solutions of one customs territory in place of two or more territories, when these solutions lead to the disqualification of customs rights and trade restrictions between the constituent territories of the Union, and so when the rights of customs and other regulations applied by members of the Union in the face of foreign territories become uniform and applicable." The customs union is characterized at the internal level by the removal of customs rights and trade regulations between its constituent territories, while at the external level. by creating a customs tariff. A common trading system towards foreign countries and in a briefer way can be said that the customs union is equal to the free trade area as well as a common tariff against the outside world. (X. Xxxxxxx, 1973)
Customs Union see CU CVD – Countervailing duties are actions taken by the importing country, usually in the form of increased duties, measures to offset subsidies given to producers or exporters in the exporting country (not in Use for the GATS). D
