A brief history
The EU is an economic and political partnership between 28 member nations. It was formed after World War Two to foster economic co-operation, and primarily focused on the economy with the name European Economic Community (EEC). Its central idea is countries that trade together are more likely to avoid going to war with each other . During 60 years since establishment, the EU has delivered “peace, stability and …show more content…
A report by the Centre for European Reform shows that the EU buys half of Britain’s exports, whereas the UK accounts for little over 10 percent of exports from the rest of the EU , so the UK would be in a weak position to leave the EU. The leave campaigners argue that Britain would have the power to negotiate its own trade deals with other non-EU countries, rather than relying on the European trade commissioner However, it would enter such negotiations as a country of 62 million people and not as a member of a 500 million-strong bloc . This idea is extremely important in the world of trading, since the EU has become the most powerful trading bloc in the world, with a GDP nearly as large as that of the US