The World-Wide Web Virtual Library: Logistics: Glossary: Customs Union

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Association Agreements - Originally agreements between the EC and European states which at the time had not rejected the future possibility of applying for EC membership. They involve reciprocal arrangements for imports and exports within a customs union. Agreements are supervised by an Association Council representing both parties. The similar agreements with Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

Related Terms: Association Agreements - international | trade |

Common External Tariff -

Essential to any customs union, and first introduced in the early 1960s as an average of the customs levies of the Member States. Acronym: CET Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

Related Terms: Common External Tariff - international | trade |

Customs Union -

An economic structure whereby states agree to belong to a single tariff aream with no customs duties between them. The EC customs union was largely in place by 1968. Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

Related Terms: Customs Union - international | trade |

Preferential Trade Agreements -

Signed by the EC with other countries, and intended to lead, within a reasonable and specified period of time, to a customs union. Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

Related Terms: Preferential Trade Agreements - international | trade |