Essay on European Unions And The European Union

837 Words Feb 26th, 2016 4 Pages
The European Union has twenty-seven member states, accounting for one fifth of overall world trade. The European Union is the world’s largest leading exporter and the world’s second biggest importer. The European Union’s only direct trading competitor is of course, the United States, though the European Union has a larger market than the United States. The European Union works together in order to collectively create a better atmosphere for free trade among their 27 members. The EU has been built through a great deal of very important treaties, and over the years, the European Union member states have worked to streamline laws and implement mutually beneficial policies on an increasing number of economic, social, and political issues. European Union member states share a customs union; a single market in which goods, people, and capital move freely; a common trade policy; and a common agricultural policy. Working collectively means that each of the members must often sacrifice a percentage of what they want in their own interest to adhere to the overall welfare of the Union. This generally will create a level playing field, and create transparency as well as a stable marketplace.
A very important institution within the European Union that allows for the translation of competing interest into collective goals, is the procedures in place that dictate how proposed treaties are evaluated. The European Commission negotiates trade agreements with outside countries and trading…

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