economic union
type: Concept
narrower: customs union

customs union
definition: A customs union is a treaty signed between two or more countries to promote trade between participants. The countries in the customs union establish a common free trade market with each other while simultaneously maintaining a common trade barrier for foreign goods. [Source: Encyclopedia of Business in Today's World; Customs Union]
broader: regional economic integration
broader: economic union
type: Concept

regional economic integration
type: Concept
narrower: customs union

concepts
type: Collection
type: ConceptGroup
member: customs union