What are some of the advantages of being a part of the EU

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Adrees Khan K0521528        BU1010 Assesment 2        02/01/06

Discuss the Advantages and Disadvantages of European Monetary Union

Advantages of the European Monetary Union?

  • Membership of the Single Market

The single market benefits companies by making it easier & cheaper to do business in other EU countries.  No customs tax is charged on goods that are sold or transported between member states.  The EU also tries to make each market as similar as possible to ensure fair competition across national borders.

  • Free Movement of Citizens:        

European citizens have the freedom to live, work, study, and travel in any other EU country.  Since 1995 alone, about 100,000 young Britons have spent time studying in another European country. (Source: www.bized.ac.uk)

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  • More Jobs:

It is estimated the 3.5 million British jobs are dependent on Britain's membership of the EU.  (Source: UK Jobs Dependent on the EU)

  • Money for Development:

The UK has been allocated a total of 15.5billion of European Structural Funds for 2000 - 2006.  Over the same period, the UK has also been allocated 120 million for Fisheries Guidance and 961 million for Community Initiatives.(Source: EU development)

  • A Louder International Voice

By working together in the EU member countries can ensure their concerns are heard, and taken more seriously, on the international stage.  When the ...

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