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The European Union (EU) is a supranational political and economic union of 27 member states that are located primarily in Europe. [9] [10] [11] The Union has a total area of 4,233,255 km 2 (1,634,469 sq mi) and an estimated total population of over 449 million.
With about 445 million citizens, the EU generates an estimated 30% share (US$18.4 trillion in 2008) of the nominal gross world product. [6] The EU has seven principal decision-making bodies known as the Institutions of the European Union, while the adoption of laws and coordination of EU policies is the role of the Council of the European Union ...
The European Union is an economic and political union of 28 countries, located primarily in Europe.Tracing its origins from the devastated post-World War II Europe, the EU has grown in size by the accession of new countries and in power by the addition of policy areas to its remit.
The European Union's (EU) Common Commercial Policy, or EU Trade Policy, is the policy whereby EU Member States delegate authority to the European Commission to negotiate their external trade relations, with the aim of increasing trade amongst themselves and their bargaining power vis-à-vis the rest of the world.
The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to conclude trade agreements. Even so, member states' governments control every step of the process (via the Council of the European Union , whose members are national ministers from each ...
The European Parliament (EP) shares the legislative and budgetary authority of the Union with the Council of the European Union (of relevant national government ministers). Its 705 [ 16 ] members are elected every five years by universal suffrage and sit according to political allegiance .
The Treaty on the European Union (2007) is one of the primary Treaties of the European Union, alongside the Treaty on the Functioning of the European Union (TFEU). The TEU forms the basis of EU law , by setting out general principles of the EU's purpose, the governance of its central institutions (such as the Commission, Parliament, and Council ...
The European Union and the Philippines shares diplomatic, economic, cultural and political relations. The European Union has provided €3 million to the Philippines to fight poverty and €6 million for counter-terrorism against terrorist groups in the Southern Philippines. The European Union is also the third largest trading partner of the ...