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European Union

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European Union

The European Union (EU) is an economic and political union of 27 member states, located primarily in Europe. It was established by the Treaty of Maastricht on 1 November 1993, upon the foundations of the pre-existing European Economic Community. With almost 500 million citizens, the EU combined generates an estimated 30% share (US$16.8 trillion in 2007) of the nominal gross world product. The EU has developed a single market through a standardised system of laws which apply in all member states, guaranteeing... read more

Source: Wikipedia

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