WebDec 5, 2024 · A customs union is an agreement between two or more neighboring countries to remove trade barriers, reduce or abolish customs duty, and eliminate quotas. Such … WebJan 6, 2024 · All products entering the European Union are classified under a tariff code that carries information on duty rates and other levies on imports and exports, any applicable protective measures (e.g., anti-dumping); external trade statistics, import and export formalities, and other non-tariff requirements. The EU classification system consists of ...
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