
Features of Trade in the European Union
The European Union (EU) represents one of the most sophisticated and complex trade systems in the world. It is not only a political and economic union but also a single market that brings together 27 member states with a combined population of more than 440 million people and a GDP exceeding ā¬16 trillion. Trade is at the heart of the EU project, and since the establishment of the European Economic Community (EEC) in 1957, integration has consistently expanded, reducing internal barriers while shaping the Union into a global economic actor. In the 21st century, the EU has become both the largest exporter and importer of goods and services worldwide, competing directly with the United States and China. The internal single market allows the free movement of goods, services, capital, and…