common external tariff
type: Concept
broader: regional economic integration
definition: A common external tariff is an agreement among two or more countries to adopt identical tariff schedules for all goods being imported from other trading partners. Having a common external tariff is the central feature of a customs union, which is an agreement among countries to eliminate internal tariffs and establish a common external tariff. [Source: Encyclopedia of Business in Today's World; Common External Tariff]

concepts
type: Collection
type: ConceptGroup
member: common external tariff

regional economic integration
type: Concept
narrower: common external tariff