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What was custom union?

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What was custom union?

Posted by Amrit Singh 5 years, 1 month ago

CBSE > Class 10 > Social Science

2 answers

King Adithya H M... 5 years, 1 month ago

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.

Yogita Ingle 5 years, 1 month ago

In 1834, a customs union or zollverein was formed at the initiative of Prussia. It was joined by most of the German States.

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