What is the European Union (EU)?

The European Union (EU) is a unified political and economic union of 28 European countries. It was established in 1993 with the signing of the Treaty on European Union (Maastricht Treaty). The goal of the EU is to promote economic and social progress, increase cooperation among member states, and to establish a single market for goods and services. The EU is based on four core economic freedoms: the free movement of goods, services, capital, and people. This allows companies and individuals to move goods and services within the EU without the need for additional paperwork or fees. The EU also provides protections for workers, consumers, and the environment. In North Carolina, the EU has been a major trading partner since 1995, when the United States officially joined the Union. North Carolina’s major exports to the EU include tobacco, food products, electronics, and textiles. The EU has also been a top destination for North Carolina investments. The EU operates under a system of international trade law known as the Common Commercial Policy. This policy sets out the terms and conditions of trade between members of the EU and foreign countries. It also outlines how member states are to handle differences in national laws and regulations. North Carolina must comply with this policy to ensure smooth trading with the EU.

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What is the European Union (EU)?

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