EU Customs Union

The EU Customs Union is a group of European Union countries that have agreed to eliminate tariffs and trade barriers between themselves, allowing goods to move freely. It also sets common external tariffs on products imported from outside the union. This means that all member countries apply the same duties on non-EU imports, simplifying trade and ensuring fair competition. By working together, the Customs Union aims to enhance economic cooperation, increase trade efficiency, and strengthen the overall economy of its member states.