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customs union

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BNET Business Dictionary

Customs Union
an agreement between several countries that goods can travel between them without paying duty while goods from other countries have to pay duties
Customs Union definition on BNET »

BNET Resources

Free Trade, Customs Unions, and Transfers
All countries would agree to immediate global free trade if countries were compensated for any terms-of-trade losses with transfers from countries whose terms-of-trade improve, and if customs unions were required to have no effects on non-member countries. Global free trade with transfers is in the core of a Kemp-Wan- Grinols...
Tags: Customs Union, Free Trade, Finance
White papers 2003-07-01
Effects of Customs Union With European Union on the Market Structure and Pricing Behaviour of Turkish Manufacturing Industry
Turkey established a customs union with European Union in 1996 in accordance with the Association Agreement signed in 1963. The main aim of the study presented in this paper is to analyse the effect of that customs union on the market structure and pricing behaviour in the Turkish manufacturing industry....
Tags: Pricing Strategy, European Union, Customs Union, Pricing, Marketing Research, Marketing
White papers 2004-09-01

Additional Resources

E African Customs Union will spur economic growth: the long awaited East African Customs Union Treaty was finally signed at the beginning of March. Kenya, Uganda and Tanzania have agreed on a system of tariffs that remove the major obstacles to increased
As we reported in the April issue of African Business, the East African Customs Union Treaty is now law and brings the former member of the East African Federation closer together. Common external tariffs and plans to support local manufacturing have been agreed, while Kenya has agreed to surcharges...
Tags: Africa, African, East, FINANCE, Ford Motor Co., integration, tariff, Uganda
Research articles 2004-06-01
European Union Perspectives on Cyprus Accession.
On 5 March 1995 the French Presidency of the European Union persuaded Greece to remove its veto on the Customs Union with Turkey, and persuaded the other member-states to set a date for beginning an accession process with Cyprus without requiring a prior settlement of the...
Tags: agreement, commission, European Parliament, Government, Greece, North, SOFTWARE, Turkey
Research articles 2000-01-01
Union Pacific Sued for Drug Smuggling
The U.S. Department of Justice filed lawsuits against Union Pacific Railroad Co. this week, seeking $37 million in damages from the rail company for not stopping drug smuggling on its trains. Between 2001 and 2006, customs officials on at least 38 occasions found marijuana or cocaine in rail cars at the U.S.-Mexico...
Tags: Car, Union Pacific, Public Relations, Marketing, Corporate Communications, Barbara E. Hernandez
Blog posts 2009-03-22
Czech customs officers impound health risk Turkish figs
PRAGUE AFP — Prague customs officers seized around 19 tonnes of figs exported from Turkey over the last days, some of which contained 30 times the accepted limit of cancer causing aflatoxin, customs office spokesman Pavel Drobek told AFP. The figs will probably be shipped out of the European...
Tags: Agence France-Presse, Benefits, HEALTHCARE, officer, Prague, SOFTWARE
Research articles 2005-11-15
LogicaCMG Has Been Awarded a 14 Million Euro Contract by the European Commission.
LONDON, September 27 /PRNewswire/ -- LogicaCMG today announces that it has been awarded a 14 million Euro contract over five years by the European Commission EC to support the Taxation and Customs Union Directorate General in the quality assura LONDON, September 27...
Tags: Directorate, European Commission, LogicaCMG
Research articles 2006-09-27
TURKEY: WTO STOPS TEXTILE QOUTA DEAL IN ITS TRACKS.
According to Cumhuriyet, the textile and ready-made cloth quotas, which have been implemented by Turkey so as to harmonize with the Customs Union agreement that she signed with the EU, have been ... According to Cumhuriyet, the textile and ready-made cloth quotas, which have been implemented...
Tags: World Trade Organization
Research articles 1999-11-14
WTO to rule on US complaint against single EU customs system
GENEVA AFP — The World Trade Organisation said it would rule on a US complaint against alleged disparities in the application of the European Union's single customs system. The WTO is to set up a panel of experts who will have six months to examine the case. US...
Tags: Agence France-Presse, FINANCE, World Trade Organization
Research articles 2005-03-21
Estonian customs officers find cigarettes in loaf of bread
TALLINN AFP — Customs officers on Estonia's border with Russia detained a woman who was trying to smuggle cigarettes hidden inside a loaf of bread into the European Union frontier state. "A woman had hollowed out a large loaf of bread and stuffed it with cigarettes," Liis Plakk, spokeswoman...
Tags: Agence France-Presse, bread, cigarette, Estonia
Research articles 2006-02-15
Preferential Trade Agreements And Tax Competition For Foreign Direct Investment
This paper examines how free-trade agreements and customs unions affect the location of Foreign Direct Investment FDI and social welfare, taking into account that governments may adjust taxes and external tariffs to compete for FDI. Conditions are identified under which a free-trade agreement leads to FDI and under which this...
Tags: Welfare, Free-trade Agreement, Agreement, Foreign Direct Investment, Elsevier, Conditions, Foreign Direct Investment (FDI), Currency & Foreign Exchange, Investment, Taxes, Finance, Financial Planning
White papers 2004-05-20
Thailand Customs Department Defends Price Assessments.
By Wichit Sirithaveeporn, Bangkok Post, Thailand Knight Ridder/Tribune Business News Mar. 27--The Customs Department says it has fulfilled its obligations under the General Agreement on Tariffs and Trade Gatt in assessing prices of imported goods. Manit Witayatem, the department's director-general,...
Tags: Bangkok Post, GATT, Thailand
Research articles 2002-03-27
Greg Montgomery Joins Union-Transport as President of North America
Business Editors RANCHO DOMINGUEZ, Calif.--BUSINESS WIRE--March 30, 2000 Greg Montgomery, a seasoned transportation industry executive, has joined Union-Transport UTi as president of North America, it was announced today by Roger MacFarlane, UTi chief executive for the Americas. Union-Transport is one of the world's leading supply chain services providers,...
Tags: BAX Global Inc.
Research articles 2000-03-30
CUSTOMS: ECU 140 MILLION TO TIGHTEN EXTERNAL BORDERS
The European Commission has proposed spending ECU 140 million over five years to step up controls at the European Union's external borders. The European Commission has proposed spending ECU 140 million over five years to step up controls at the European Union's external borders.
Tags: Borders Books & Music
Research articles 1995-04-20
Kenya, Tanzania, Uganda pave way for free market
ARUSHA, Tanzania AFP ? The presidents of Kenya, Tanzania and Uganda signed a protocol laying the foundations for a customs union of the East African Community EAC, designed to free up their trade and harmonize tariffs on goods entering the three countries. Kenya's Mwai Kibaki, Uganda's Yoweri Museveni and...
Tags: Agence France-Presse, ceremony, FINANCE, president, tariff, Uganda
Research articles 2004-03-02
DHS, EU come to agreement on airline passenger data.(GAO-04-548)(European Union)(Department of Homeland Security)(Brief Article)
On Airline Passenger Data DHS and the European Union EU signed an agreement last week to allow U.S. Customs and Border Protection CBP to collect passenger name record PNR data relating to flights between the U.S. and EU members. Airlines have been operating under an interim ...
Tags: agreement, U.S. Department of Homeland Security
Research articles 2004-06-01
Shipping without borders. (logistics in the European Union)
The establishment of the EU and the creation of a common market has had tremendous impact on the transportation and distribution of goods in Europe. These effects have been largely beneficial to logistics as common standards and customs harmonization are set across the different member nations. Logistics in the EU...
Tags: Europe, European Commission, logistics, Transportation
Research articles 1998-01-01
Reflecting on the EU's future: an interview with the former Commissioner Frits Bolkestein
MOST people talk about the European Union based on their preconceived notions about it. It is rare to get an insight into that body unclouded by platitudes and the obfuscation of Euro-speech. I was fortunate to have an interview with a man who has both exceptional knowledge of the EU...
Tags: Brussels, envelope, Europe, European Commission, FINANCE, Government, Netherlands, SOFTWARE, Taxes, treaty
Research articles 2007-12-22
Doubts over East African integration: a new IMF report on the proposed integration of the three East African countries—Kenya, Uganda and Tanzania—has raised some doubts about the procedures. Neil Ford discusses
A great deal of progress has been made towards regional integration in East Africa over the past few years. A revamped East African Community EAC has been created and a customs union is being phased in, as the governments of Kenya, Tanzania and Uganda seek to boost economic growth by...
Tags: Africa, African, East, Ford Motor Co., IMF, integration, Uganda
Research articles 2005-08-01
Meeting the Maastricht targets.(in Europe)
BACKGROUND Ever since the 1950s, the democratic nations of Europe have proceeded toward increasing politico-economic integration. From integrating the coal and steel industries they moved on to the joint development of the peaceful use of nuclear energy and the establishment of a...
Tags: European Central Bank
Research articles 2002-12-22
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