RUSSIAN FEDERATION and CUSTOMS UNION Form

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here are five steps to understanding the EU customs union number one it's the biggest customs union in the world a customs union is a trade agreement between countries that means no customs duties no quotas or declarations as Goods move around the Member States they collectively agree on trade deals with countries outside the Union now the customs union is different to the single market which is a broader agreement to accept free movement of services capital and people as well as goods number two the trade between member states in the EU customs union is as frictionless as possible for instance car manufacturers can import parts quickly from countries within the EU without fees and paperwork outside the EU customs union businesses could face extra fees and border checks so when the UK leaves it it could slow the arrival of parts to the UK and delay production some say this could force firms to quit the UK causing job losses it could also make the price of goods more expensive if compan