Examlex
Performing OB research and analyses at multiple levels is not recommended as it would lead to perceptual errors.
Customs Union
An agreement between two or more countries to remove trade barriers on imports and exports among them and adopt a unified set of trade tariffs for non-members.
EU
The European Union (EU) is a political and economic union of 27 European countries that are located primarily in Europe.
Common Law Systems
A legal framework where the laws primarily derive from precedents established by court decisions, emphasizing the role of judicial rulings and the importance of case law.
Nontariff Barrier
Measures other than tariffs that restrict imports or exports of goods and services, such as quotas and regulations.
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