Customs territory


Customs territory

A customs territory is a territory with individual customs regulations.

The most common type of customs territory is the sovereign state and the others are the Trade bloc that has a customs union;[1][2] and the autonomous or dependent territory that has independence (or is subject to specific regulations by the central government) in foreign trade and customs policy.

The governing organs (government or other responsible administrative entity for the states and territories, secretariat or similar international organization body for the trade blocs) of the customs territories negotiate and sign trade agreements between themselves. In some cases the negotiations are conducted by a trade bloc secretariat, but the actual agreement is signed by the member states of the trade bloc. It is also possible for a group of customs territories, that do not form a customs union (regardless if they cooperate as a different type of trade bloc), to negotiate trade agreements together and to sign the resulting agreement individually (for example EFTA).

Contents

List of customs territories

Listed below are territories having independent customs policy.[3]

See also

References

  1. ^ As of 2010 most customs unions rarely operate as a single entity and are represented in relations with other customs territories either jointly by their member states governments and the union institutions; or by the member states only. Thus, in practice, they rarely appear as a single customs territory and instead they operate as a multiple separate customs territories that have the same or similar customs tariff.
  2. ^ a b The European union is the only trade bloc, where the union institutions have exclusive competence over the common external tariff and thus sign and ratify agreements with foreign states without direct participation of the EU member states. Interim Agreement on trade and trade-related matters between the European Community, of the one part, and the Republic of Montenegro, of the other part. The EU is also the only trade bloc member of the World Trade Organization, albeit the EU member states are continuing their own separate memberships, as not all of the WTO issues fall within the scope of exclusive EU competences.
  3. ^ EU list of customs territories
  4. ^ a b c d Some of the special EU member state territories are covered by EU law (Art.52 TEU and Art.355 TFEU), but nevertheless remain outside the EU customs territory. The customs and fiscal territories of the European Community

External links


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