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Customs Union v Common Market

DBS2004 · 2007-02-14 17:28:09

Hey all, Im looking for some help! What is the difference between a customs union and a common market? I need economic models for both! Thanks, Gar

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14-02-2007 6:28pm

#1

DBS2004

Closed Accounts Posts: 16 ✭

Join Date: November 2004

Posts: 8

Hey all,

Im looking for some help! What is the difference between a customs union and a common market?

I need economic models for both!

Thanks,
Gar

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#2 26-02-2007 8:57am
Victor

Registered Users Posts: 78,372 ✭✭✭✭

Join Date: December 2000

Posts: 68736

Customs Union means there are no import duties applied internally and common principles applied externally.

Common Market means free trade.

Look at wikipedia.

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