A customs territory is a territory with uniform customs regulations and there are no internal customs or similar taxes within the territory. Customs territories may fall into several types: A sovereign state, including a federation A trade bloc that has a customs union An autonomous or dependent territory that is granted by the sovereign government some degree of independence in foreign trade and customs policy.
A customs territory is a territory with uniform customs regulations and there are no internal customs or similar taxes within the territory. Customs territories may fall into several types: A sovereign state, including a federation A trade bloc that has a customs union An autonomous or dependent territory that is granted by the sovereign government some degree of independence in foreign trade and customs policy.
Source: Wikipedia "Customs territory" · CC BY-SA 4.0
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