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2 November, 17:28

Which feature of a customs union differentiates it from a free trade area?

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  1. 2 November, 21:04
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    Answer: The correct answer is that a free trade area does not have a common external tariff, while a customs union does.

    Explanation: A customs union is a free trade area, but with a common external tariff. This means that there is a set rate for tariffs when member countries are trading with other member countries. A free trade area does not have a set tariff, so it can change and be a different rate for different countries.

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