Respuesta :
Answer:
TRUE
Explanation:
It is true that a customs union differs from a free trade area because it allows for removal of barriers to the trade of goods and services among member countries. adoption of a common external trade policy. mobility of factors of production among member countries. harmonization of tax rates of member countries. adoption of a common monetary and fiscal policy among member countries.
A customs union is an agreement between two or more neighboring countries to remove trade barriers, reduce or abolish customs duty.
A customs union comprises a group of countries that agree to:
Abolish tariffs and quotas between member nations to encourage free movement of goods and services.
In the case of Free Trade Area, what is most likely is a reduction of tariffs but in a Customs union, what is certain is a removal of tariffs
Answer:
adoption of a common external trade policy.
Explanation:
The main difference between a customs union and a free trade area, is that a customs union establishes common tariffs for goods that are produced outside the union, while each member country of a free trade area establishes its own tariffs for goods produced outside the area.
For example NAFTA (or USMCA) is a free trade area, while the Mercosur is a customs union in South America.
*The European Union started as a free trade area, then it changed to a customs union, later into a common market, then a economic union, and now it is a political union.
