Economic Union
/ɪˈkɑːnəˌmɪk ˈjuːnjən/
Definitions
- (n.) A type of trade bloc composed of a common market with a customs union and policy harmonization among member states to allow free movement of goods, services, capital, and labor.
The European Economic Union aims to integrate economic policies among its member countries.
Forms
- economic union
Related terms
See also
Commentary
An economic union represents a high level of integration beyond customs unions and common markets, involving unified economic policies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.