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  • What's the difference between this and the CU?

    • A customs union is similar to a FTA, but you also agree to set identical tariffs on imports. For example, if we are in the EUCU and they decide to set a 6.9% tariff on Chinese blivets, we also have to set a 6.9% tariff on Chinese blivets.

      • And this? If the EU decides to set import tarrifs of Chinese solar panels does this force it's members to do the same?

        So what are the advantages of being in this vs the EUCU? I am assuming the EUCU has better perks but more rules?

6 comments