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An economic union is a common market with provisions for the harmonisation of certain economic policies, particularly macroeconomic and regulatory. The European Union is an example of an economic union.

Source Publication:
Glossary of Insurance Policy Terms, OECD, Centre for Co-operation with Non-Members, 1999.

Cross References:
Common market
Customs union
Free trade area
Regional trading arrangement

Statistical Theme: International trade statistics

Created on Thursday, December 6, 2001

Last updated on Thursday, December 6, 2001