gnguyen6044 gnguyen6044
  • 17-04-2019
  • Business
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Which feature of a customs union differentiates it from a free trade area?

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MrsSeifried MrsSeifried
  • 21-04-2019

Answer: A customs union requires all members to have a common external trade policy with non-union members.

Explanation: The feature that differentiates a customs union from a free trade area is that a customs union requires all members to have a common external trade policy toward non members. Free trade areas are permitted to negotiate different tariffs with different countries, contrary to the operation of customs unions.

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