Accountancy, asked by adityabrv680, 1 day ago

advantage and disadvantage of custom duty?

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Answered by kkraj98058
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Answer:

Customs Union

Unlike in free trade agreements, a common external tariff is imposed on non-members of the union. When countries outside the union trade with countries in the customs union, they need to make a single payment (duty fee) for the goods that have crossed the border. Once inside the union, they can trade freely with no added tariffs.

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