The European Union ( Eu ) - 1294 Words

This international business report has been conducted on the European Union (EU). The information that was used to carry out this report has been provided by Massey University and Kansas State University, innless indicated otherwise. The focus of this report is to identify significant features, trends and issues from an agricultural prospective. A brief summary of the EU will be provided to gain an insight and an introduction to EU. The EU has 28 countries with an approximate population of 503 million people and of the total population, 75% live within urban areas. The coordination of European countries started after world war two due to the resulting impacts e.g food shortages. It has since become an economic union, where members have free trade, a common currency, free movement of labour and capital and common external trade policies. The agriculture sector currently makes up 1.6% of GDP and 5% of the workforce (Central Intelligence Agency, 2016). However, agricultural GDP has been declining over the years, due to support policy changes and greater prosperity of other sectors. The importance of agriculture varies considerably from country to country within the EU as shown in Figure 1, meaning some countries are more reliant on it than others. Countries within the EU are in different economic stages, resulting in distinctive, low, middle and high income groups. It can also be seen that there is considerable div ersity in GDP per capita in the EU, shown by it ranging from,Show MoreRelatedEuropean Union ( Eu )1648 Words   |  7 PagesEuropean Union The European Union (EU) is a politico-financial union of 28 part expresses that are found predominantly in Europe. The EU works through an arrangement of supranational foundations and intergovernmental-arranged choices by the part states. The establishments are: the European Commission, the Council of the European Union, the European Council, the Court of Justice of the European Union, the European Central Bank, the Court of Auditors, and the European Parliament. Every five yearsRead MoreThe European Union ( Eu )1524 Words   |  7 PagesINTRODUCTION: The European Union (EU) is a political and economic partnership that represents a unique form of cooperation among 28 member states. Formed through a series of binding treaties, the Union is latest in a process of integration begun after World War II in Europe to promote peace and economic prosperity. Its founders hoped that by creating specified areas in which member states agreed to share sovereignty firstly in coal and steel production, economics and trade, and nuclear energy, itRead MoreThe European Union ( Eu )1509 Words   |  7 PagesIn this essay I will discuss why and how the European Union (EU) was set up and the advantages and disadvantages of membership. 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The context in which the EU has developed has caused it to be unique in comparison to all the others and through this essay I will demonstrate how the characteristics and functions of the EU are found to be those only associated with the EU. Creating EU Law The European Union has aims which are to promote peace, maintain its values and maintainRead MoreThe European Union ( Eu )1396 Words   |  6 PagesThe European Union (EU) does not have an unlimited power to act. The limits of Union competences are governed by the principle of conferral. Under the principle of conferral, the Union shall act within the limits of the competences conferred upon it by the Member States (MS) in the Treaties. The central debate about competence is with regard to the principle that the EC operates within the confines of attributed powers tends to be obscured by an open-handed reading of the matter in practice. TheRead MoreThe European Union ( Eu ) Essay1264 Words   |  6 PagesThe European Union (EU) was created when the Maastricht Treaty, or now known as the Treaty on European Union, was signed in the early 1990’s. The document marked an essential milestone in the success and development of many European countries. It paved the way for many ot her future treaties and it also created the EMU or the European Monetary Union (â€Å"Europe Without Frontiers†). Though there were other economic European federations prior to the EU, the EU has by far been the more prosperous one.