Tag: european union
What is the European Union?
It is essentially a union which has 28 states as members mainly located in Europe. The EU has an established an ‘internal market’ with sets of laws and policies that must be complied with by member states. The EU has been largely recognized mostly because of its trade. The EUROPA website states that the “EU is the world’s biggest trader, accounting for 16.5% of the world’s imports and exports” with “[f]ree trade” being “one of the EU’s founding principles”. The EU had replaced the former EEC or European Economic Community. The first few members were known as the Inner Six which were: Belgium, West Germany, France, Italy, Luxembourg, and the Netherlands.
Purposes & Aims
- advocate for human rights
- allow people to move more freely between countries
- allow goods to move more freely between countries
- have established policies concerning trade
- ‘liberalizing world trade’ (EUROPA)
OPINION: EU’s impacts and its future
As you can see, based on the statistic shown above, the EU has dramatically changed the world because of its trade. The continuation of the EU may mean more advocacy for human rights and free trade. Especially if more member states possibly join the European Union, the EU will definitely become closer to ‘liberalizing world trade’. Additionally, the EU may grow as the ‘world’s biggest trader’ and will continue to import and export goods.
*To see my other post on the African Union click here.