Business and the European Union

Paper Summary:

The writer of this paper explores the European Union (EU), the largest trading entity in the world, accounting in 1998 for 20% of global merchandise exports. This paper also probes the EU's firm commitment to the promotion of open and fair trade with all its trading partners.
Topics covered in this report include:
The European Union is the World's Largest Trade Partner
The EU is a Growing Integrated Economy, Open to Trade with Outside Countries
European Union Enlargement
So the EU Strongly Supports Rules-Based System for International Trade
Multilateral Issues
The Need for WTO Agreement on Removal of Procedural Barrier to Trade
Globalization in Progress
Bilateral Trade Relations
Comprehensive Trade Negotiations
The EU Wants Developing Countries to Benefit as Well
Bibliography

From the Paper:

"The current European Union of 15 members is the largest single market in the world. There are no internal frontiers and the harmonization of regulations and the standards ensures a freer circulation of goods and services than is possible within many individual countries. With a number of Central European and Mediterranean candidate countries scheduled to join the EU, a single set of trade rules, a single tariff, and a single set of administrative procedures will apply not just across the existing member states but also across the enlarged Union in years to come."

More papers on Business and the European Union:

• Analytical Essay # 120361 : "Review of the European Union"
• Case Study # 104003 : "Case Study: Non European Union (EU) or European Union"

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