Common External Tariff

A Common External Tariff (CET) is a uniform import tax applied by a group of countries that form a trade agreement, such as a customs union. This means all member countries charge the same tariff rates on goods imported from outside the group, ensuring consistent pricing and trade policies across the member nations. The CET helps protect local industries, simplifies trade with non-member countries, and promotes economic integration within the group by avoiding internal tariffs or barriers between member states.