Customs Unions and Third Countries: the Tariff Quota Solution
When customs unions are created third countries suffer from trade-diverting effects. The justification under the GATT for permitting this customs-union and free-trade-area exception from the MFN clause, embodied in Article XXIV appears to warrant further discussion.
KeywordsFree Trade Supply Curve Custom Union Contracting Parti Commercial Policy
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Notes and References
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