History, asked by shettynirav2005, 7 months ago

with the help of an example cite the reason that led to the creation of custom union

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Answered by Anonymous
1

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.A customs union is generally defined as a type of trade bloc which is composed of a free trade area with a common external tariff. Customs unions are established through trade pacts where the participant countries set up common external trade policy (in some cases they use different import quotas).

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