Which feature of a customs union differentiates it from a free trade area?

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17-04-2019
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Which feature of a customs union differentiates it from a free trade area?

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MrsSeifried MrsSeifried · Answer 1 · 2019-04-21T15:33:19+02:00

Answer: A customs union requires all members to have a common external trade policy with non-union members.

Explanation: The feature that differentiates a customs union from a free trade area is that a customs union requires all members to have a common external trade policy toward non members. Free trade areas are permitted to negotiate different tariffs with different countries, contrary to the operation of customs unions.