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What is the EU?

Jun 15. 2008
12:06
by
CEPIC
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This article has been published in the ITI Directory 2008 by Sylvie Fodor.

Excerpt:

The EU is a political and economic grouping of 27 States, 455 million EU citizens, 6% of the world’s population, generating an estimated 30% of the global national product. It has the world’s strongest currency and a single market created by a system of laws which applies in all member States. It is also the world’s largest donor of development aid.

The EU maintains common policies in areas such as trade, agriculture, regional development and climate change ... It has concurrent membership of its member states in a number of international organizations : the WTO, the IMF, the ERBD, the WEU, the OSCE, the UN and its myriad of agencies, such as WIPO, the World Intellectual Property
Organization, where CEPIC has Observer Status. As such the EU wields considerable global economic and political power.

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