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Simple English definitions for legal terms

customs union

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A quick definition of customs union:

A customs union is when two or more countries agree to work together and have the same rules for importing goods from outside their group. This means they all charge the same taxes on goods coming in from other countries. They do this to make it easier to trade with each other and to protect their economies from outside competition.

A more thorough explanation:

A customs union is an agreement between two or more countries to form a single customs area with a common external tariff. This means that each country in the union remains politically independent, but they agree to abolish or gradually reduce tariffs on goods traded between them and impose common tariffs on imports from non-members.

  • The European Union (EU) is a customs union. Member countries of the EU, such as Germany, France, and Italy, have eliminated tariffs on goods traded between them and imposed common tariffs on imports from non-EU countries.
  • The Southern African Customs Union (SACU) is another example of a customs union. Member countries of SACU, such as South Africa, Botswana, and Namibia, have a common external tariff and have eliminated tariffs on goods traded between them.

These examples illustrate how customs unions work in practice. By eliminating or reducing tariffs on goods traded between member countries, customs unions promote trade and economic integration. However, they also limit the ability of member countries to negotiate their own trade agreements with non-member countries.

customs frontier | custos

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starfishies
15:48
gulc's wl is crazy holy
Mostlylegal
15:48
@babycakes: stfu
Mostlylegal
15:48
he said they got 15000 applicants
starfishies
15:49
yeah but they know its okay to say no right??
Mostlylegal
15:49
lmao I think if you havent received a II or on preferential its prob a no, its stupid that Rs are not used by the lower t14/t20
Mostlylegal
15:50
out of 1700 vandy applicants only 50 Rs have gone out
Denny
15:50
@Mostlylegal: watch it
Everyone get your goggles it’s time for some waves
Mostlylegal
15:50
my b ihop
starfishies
15:51
abolish preferential wl cause im sensitive and that would hurt my feelings
Mostlylegal
15:51
fo pm coming in hot
Mostlylegal
15:51
special group preferential exclusive waitlist students day
starfishies
15:52
LOL u cant sit with us you're not preferred
more like borenell
Mostlylegal
15:52
they bought me a hotel room and i didnt show up, now my status checkers address is no longer long, should I send another LOCI? I already did 4 last week
starfishies
15:53
a call wouldn't hurt
you should show up at their office and serenade them
TenFiftyILuvUGang
15:53
mount???!??
Mostlylegal
15:53
i usually call in around midnight so im the last thing they think of before they go to sleep, but maybe ill hit them up twice
starfishies
15:53
i hear they like gifts you should send some
TenFiftyILuvUGang
15:53
the og is back
losing my mind need to torment applicants
starfishies
15:54
its a good place to remind yourself things can always be worse
Mostlylegal
15:54
mountaineer how do you feel about losing against michigan 4 years in a row?
it's fine because they got pepper sprayed by ohio state troopers
Mostlylegal
15:56
I almost submitted an additional optional to umich about the OHIO law and how it was anti first ammendment, feel like that prob wouldbe helped
Mostlylegal
15:56
also im just salty as a notre dame fan
nah so like honestly let who hasn't committed a 4th degree felony in the horseshoe cast the first stone
Mr ropes is today the day
Mostlylegal
15:57
whatever you say frigalimente
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