Common external tariff: Difference between revisions

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Revision as of 16:18, 10 January 2011

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The common external tariff is a mild form of economic union, but may lead to further types of economic integration. In addition to having the same customs duties, the countries may have other common trade policies, such as having the same quotas, preferences or other non-tariff trade regulations apply to all goods entering the area, regardless of which country within the area they are entering.

AnImportant important exampleexamples of a common external tariff isare that of the [[Mercosur]] countries ([[Brazil]], [[Argentina]], [[Venezuela]], [[Paraguay]] and [[Uruguay]]) as well as the Common Customs Tariff of the [[Customs Union of Belarus, Kazakhstan and Russia]].

==See also==