porno Chinese Law | China: How does an FTA differ from a customs union?
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How does an FTA differ from a customs union?

(a): A customs union, such as the EU, acts as an FTA with a single, unified external trade policy. While members of an FTA are free to set differing tariff policies with regards to outside nations, members of a customs union will have a single tariff policy applicable to trade with nations outside of the customs union.

 

 

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