Benelux

Benelux,

Definition of Benelux:

  1. Customs union between Belgium, Netherlands, and Luxembourg established in 1948 to reduce import quotas, and allow free movement of labor and capital, between the member countries. Now a part of the European Union (EU).

  2. A collective name for Belgium, the Netherlands, and Luxembourg, especially with reference to their economic union.

Meaning of Benelux & Benelux Definition