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A group of nations that have eliminated tariffs and sometimes other barriers that impede trade with each other while maintaining a common external tariff on goods imported from outside the union.
A group of nations that have eliminated tariffs and sometimes other barriers that impede trade with each other while maintaining a common external tariff on goods imported from outside the union.
==Sources==
http://usinfo.state.gov/products/pubs/oecon/chap12.htm
[[Category:Economics]]