Common commercial policy

prefLabel
  • common commercial policy
definition
  • The set of uniform trade principles or practices established by an European Community customs union, which implements common tariff rates, tariff and trade agreements with non-member countries, import and export policies, and export promotion.
inScheme
broader
Abstract from DBPedia
    A common commercial policy is several states coordinating some or all aspects of their trade policy. It is sometimes agreed by treaty within a customs union. In the case of the European Union, a form of the EU's common commercial policy has been in place since 1957. A common commercial policy is also an aim of Mercosur.

    (Source: http://dbpedia.org/resource/Common_commercial_policy)