Theoretical basis of the customs union as a perfect form of free trade area within intercountry cooperation research

Keywords: custom union, free trade area, free trade, the trade effects

Abstract

The custom union is a form of collective protection with regard to third countries, contributes to the development of national economies and is the second stage of the international economic integration. The article studies the customs union as a completed form of free trade area. Customs union includes the features of free trade area. We focus on the history of the custom unions emergence and their features, effecting creation. The notion of free trade area is given together with the comparative analysis of  customs union and free trade areas. The article studies the operation and prospects of the existence of a custom unions in the world economy.

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References

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How to Cite
Petukhova, V. (1). Theoretical basis of the customs union as a perfect form of free trade area within intercountry cooperation research. The Journal of V. N. Karazin Kharkiv National University. Series: International Relations. Economics. Country Studies. Tourism, (5), 54-57. Retrieved from https://periodicals.karazin.ua/irtb/article/view/6614
Issue
No. 5 (2016): The Journal of V.N. Karazin Kharkiv National University Series "International Relations. Economics. Country Studies. Tourism"
Section
The world economy and international economic relations

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