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関税同盟 (kanzeidoumei) Japanese meaning: customs union | Kotomora
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The EU is a typical example of a customs union.
By forming a customs union, trade among member countries became active.
Kanji 関 connection, barrier, gateway Related words 自じ 由ゆう 貿ぼう 易えき 協きょう 定てい A free trade agreement (FTA) eliminates tariffs between members but allows each country to set its own tariffs on non-members, unlike a customs union which has a common external tariff.
経けい 済ざい 同どう 盟めい An economic union goes beyond a customs union by also harmonizing economic policies, such as monetary and fiscal policies, and often includes free movement of labor and capital.
Etymology Compound of 関税 (customs duty) and 同盟 (alliance, union). The term is a direct translation of the English 'customs union' and entered Japanese through modern economic discourse.
