EU customs union
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The European Union Customs Union (EUCU) is a customs union which consists of all the member states of the European Union (EU), Monaco, and the British Overseas Territory of Akrotiri and Dhekelia. Some detached territories of EU states do not participate in the customs union, usually as a result of their geographic separation. In addition to the EUCU, the EU is in customs unions with Andorra, San Marino and Turkey (with the exceptions of certain goods), through separate bilateral agreements.
There are no tariffs or non-tariff barriers to trade between the members of the EU customs union and – unlike a free-trade area – members of the customs union impose a common external tariff on all goods entering the union.
The European Commission negotiates for and on behalf of the Union as a whole in international trade deals, rather than each member state negotiating individually. It also represents the Union in the World Trade Organization and any trade disputes mediated through it.[1]
Related Documents
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:Britain didn’t vote Labour just to get a new iron chancellor | Article | 4 August 2024 | William Keegan | The economic damage wrought by Brexit continues. Our investment and growth prospects would benefit enormously if Starmer and Reeves abandoned this policy of “no return to the customs union, single market or freedom of movement”. I repeat what I have said before: the Labour manifesto commits it to removing unnecessary barriers to trade. But Brexit is the most formidable barrier of all! |
| Document:Sunak likes the single market. So why doesn't Labour? | Article | 5 March 2023 | William Keegan | "I had many criticisms of Thatcherism and its impact on unemployment and social harmony, but one thing Margaret Thatcher got right was the importance of the EU single market and attracting Japanese, German and other firms to the UK. All this is now up for grabs by Starmer and his team." |
References
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