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The difference between Europe’s “customs union” and “single market” - The Economist explains

The Economist (2018)

WHEN discussing a “hard” or a “soft” Brexit, commentators regularly talk of the European Union’s “customs union” and “single market”. Currently Britain is a member of both. It is possible to be a member of just the customs union but not the single market (look at Turkey, Andorra or the Isle of Man).

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European Union - trade issues, foreign policy and development
European Union - trade issues, foreign policy and development
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Economics
a collection of big-ideas and theories in Economics. A collection of resources about Economics, designed to provide comprehensive insights into the principles, theories, and applications of economic thought. This collection explores key themes such as microeconomics and macroeconomics, the role of supply and demand, market structures, and th...
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