customs union

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Organization of autonomous countries where trade between member states is free of restrictions, but where a tariff or other restriction is placed on products entering the customs union from nonmember states. Examples include the European Union (EU), the Caribbean Community (CARICOM), the Central American Common Market, and the Central African Economic Community.

In the 19th century, the establishment of the Zollverein between German states was a significant factor contributing to eventual political union in Germany.

Black and red recall the tunics worn by soldiers during the Napoleonic wars. Gold was added to create a flag similar to the French tricolour, a symbol of revolution. Effective date: 23 May 1949. >>