A Customs Union Is

Multiple Choice

A customs union is:

A) a group of countries that agrees there will be "no rules" about trade-anything goes.
B) a group of countries that agrees to eliminate customs fees and containerized shipping charges on goods traded among them.
C) a group of countries agreeing to eliminate barriers to trade among themselves but keeping tariffs in place against the rest of the world.
D) a group of countries that eliminates trade barriers among themselves and erects a common tariff against all other nations.