Guaranteed trade within the EU trading bloc. No tariffs or trade
barriers. EU is gaining on the dollar, and will probably override
NAFTA and other American preferential trade Agreements.
disadvantages
High costs of operating a business. The EU is generally a lest
competitive place to start a business because of the high labour
costs and welfare policies. Generally the EU is home to the
higher-end of the service sector jobs, rather than factory, etc.
The European Union is an economic
and political union of 27 member states
that are located primarily in Europe.
Founded: November 1, 1993
Founders: Konrad Adenauer, Joseph
Bech, Johan Willem Beyen, More