Business Studies, asked by shubhamhote7212, 11 months ago

A customs union is different from a free-trade area, in that:

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Answered by Shinchanboy03
2

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A free-trade area arises when a group of countries come together and agree not to impose tariffs or quotas on trade in goods between them. ... In a customs union (a more advanced form of free trade area), the members also agree to impose a common tariff on imports coming from the outside world.

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