Why belong to the EU

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Gaggandeep Singh 11U Business/Economics Assignment    Task 2

What is the EU?

The EU (European Union) is the world’s largest economic body; its shared values are liberty, democracy, respect for human rights, fundamental freedoms and the rule of law. The EU is the biggest benefactor as several countries work together to benefit themselves. In my opinion the EU means independent, rich, multicultural, importers and exporters. The EU has 27 member states this is combined with 490 million of the population in the whole of the EU. This means that this 7% of the worlds population, which links with 30% of the global GDP. The EU also helps the poorer countries in Africa and Asia this is 55% of combined worldwide Official Development Assistance.

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Looking inside the EU there are many institutions the main ones are the European council which has 25 head of state or government, European Parliament which has 25 members and European commission which has 25 commissions. Each of the European Union institutions has a responsibility and each have a right to speak out words from their own country.

This is the European Union’s most powerful decision-making body. It is made up of the foreign ministers of member states. Other ministers from member states may have an input in topics relevant to their expertise. The European Parliament, based in ...

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