common external tariff (CXT)

(customs) A uniform tariff rate adopted by a customs union or common market such as the European Community, to imports from countries outside the union. For example, the European Common Market is based on the principle of a free internal trade area with a common external tariff (sometimes referred to in French as the Tarif Exterieur Commun–TEC) applied to products imported from nonmember countries. “Free trade areas” do not necessarily have common external tariffs.

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