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Why the European union considered a highly influential organisation on the world level?
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Global Economic Power
The European Union (EU) is one of the largest economies in the world, representing a significant portion of global GDP.
  • It fosters internal trade among member states, promoting economic growth.
  • The EU's regulatory framework often sets standards that influence global markets.

Political Influence
The EU plays a crucial role in international diplomacy and governance.
  • It acts as a unified voice on global issues such as climate change and human rights.
  • The EU is involved in peacekeeping missions and conflict resolution.

Trade Agreements
The EU has established numerous trade agreements that enhance its global standing.
  • It negotiates trade deals that benefit member states and partners.
  • These agreements promote economic cooperation and reduce barriers to trade.

Regulatory Standards
The EU is known for its high regulatory standards, which often guide global practices.
  • Its regulations on data privacy, consumer protection, and environmental sustainability are influential.
  • Non-EU countries often align their policies with EU standards to facilitate trade.

Cultural Influence
The EU promotes cultural exchange and diversity, which enhances its soft power globally.
  • Through programs like Erasmus+, it fosters educational and cultural ties.
  • This cultural diplomacy helps to shape perceptions of the EU worldwide.

In summary, the European Union's economic strength, political clout, extensive trade agreements, regulatory influence, and cultural outreach collectively contribute to its status as a highly influential organization on the world stage.
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Read the following paragraph and answer the questions that follow:Under the Marshall Plan, the Organisation for European Economic Cooperation (OEEC) was established in 1948 to channel aid to the west European states. It became a forum where the western European states began to cooperate on trade and economic issues. The Council of Europe, established in 1949, was another step forward in political cooperation. The process of economic integration of European capitalist countries proceeded step by step (see Time-line of European Integration) leading to the formation of the European Economic Community in 1957. This process acquired a political dimension with the creation of the European Parliament. The collapse of the Soviet bloc put Europe on a fast track and resulted in the establishment of the European Union in 1992. The foundation was thus laid for a common foreign and security policy, cooperation on justice and home affairs, and the creation of a single currency. The European Union has evolved over time from an economic union to an increasingly political one. The EU has started to act more as a nation state. While the attempts to have a Constitution for the EU have failed, it has its own flag, anthem, founding date, and currency. The EU has economic, political and diplomatic, and military influence. The EU is the world’s second biggest economy with a GDP of more than $17 trillion in 2016, next to that of the United States of America. Its currency, the euro, can pose a threat to the dominance of the US dollar. Its share of world trade is much larger than that of the United States allowing it to be more assertive in trade disputes with the US and China. Its economic power gives it influence over its closest neighbours as well as in Asia and Africa.Q. What was the GDP of European Union in 2016?

Read the following paragraph and answer the questions that follow:Under the Marshall Plan, the Organisation for European Economic Cooperation (OEEC) was established in 1948 to channel aid to the west European states. It became a forum where the western European states began to cooperate on trade and economic issues. The Council of Europe, established in 1949, was another step forward in political cooperation. The process of economic integration of European capitalist countries proceeded step by step (see Time-line of European Integration) leading to the formation of the European Economic Community in 1957. This process acquired a political dimension with the creation of the European Parliament. The collapse of the Soviet bloc put Europe on a fast track and resulted in the establishment of the European Union in 1992. The foundation was thus laid for a common foreign and security policy, cooperation on justice and home affairs, and the creation of a single currency. The European Union has evolved over time from an economic union to an increasingly political one. The EU has started to act more as a nation state. While the attempts to have a Constitution for the EU have failed, it has its own flag, anthem, founding date, and currency. The EU has economic, political and diplomatic, and military influence. The EU is the world’s second biggest economy with a GDP of more than $17 trillion in 2016, next to that of the United States of America. Its currency, the euro, can pose a threat to the dominance of the US dollar. Its share of world trade is much larger than that of the United States allowing it to be more assertive in trade disputes with the US and China. Its economic power gives it influence over its closest neighbours as well as in Asia and Africa.Q. The OEEC was established in

Read the following paragraph and answer the questions that follow:Under the Marshall Plan, the Organisation for European Economic Cooperation (OEEC) was established in 1948 to channel aid to the west European states. It became a forum where the western European states began to cooperate on trade and economic issues. The Council of Europe, established in 1949, was another step forward in political cooperation. The process of economic integration of European capitalist countries proceeded step by step (see Time-line of European Integration) leading to the formation of the European Economic Community in 1957. This process acquired a political dimension with the creation of the European Parliament. The collapse of the Soviet bloc put Europe on a fast track and resulted in the establishment of the European Union in 1992. The foundation was thus laid for a common foreign and security policy, cooperation on justice and home affairs, and the creation of a single currency. The European Union has evolved over time from an economic union to an increasingly political one. The EU has started to act more as a nation state. While the attempts to have a Constitution for the EU have failed, it has its own flag, anthem, founding date, and currency. The EU has economic, political and diplomatic, and military influence. The EU is the world’s second biggest economy with a GDP of more than $17 trillion in 2016, next to that of the United States of America. Its currency, the euro, can pose a threat to the dominance of the US dollar. Its share of world trade is much larger than that of the United States allowing it to be more assertive in trade disputes with the US and China. Its economic power gives it influence over its closest neighbours as well as in Asia and Africa.Q. When was European Union formed?

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Why the European union considered a highly influential organisation on the world level?
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