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This is The key features of a customs union are the in part due to its grounding in the assumptions creation of a common external tariff that applies of neoclassical economics, and in part due to data to all nations not part of the free trade area, and and modeling issues. [...] A crucial downside of a CUCU States it would likely never happen, due to the would be the need for a common trade policy powerful influence of brand-name pharmaceuti- with the U. S. vis-à-vis the rest of the world. [...] This paper tion 4 considers the implications for Canada of aims to fill the gap by setting out the arguments having a common trade policy with the United made in favour of a CUCU and subjecting those States. [...] U.) is the most significant modern example of nations not part of the free trade area, and the a single market, where a common currency has establishment of a common trade policy. [...] The case against rules of origin is threefold: noting that these "barriers" did not impede the first, rules of origin pose administrative costs to expansion of exports from Canada to the U. S. in exporters; second, rules of origin distort trade the 1990s.