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European Union: by Sreedevi Mohan
European Union: by Sreedevi Mohan
By
Sreedevi Mohan
The European Union: 500 million people – 27 countries
How rich is the EU compared to the rest of
the world?
38 700
27 800
25 100
12 508
9819 12 200
4 400
3 329
1 326
468
EU China Japa Russia United States EU China Japan Russia United States
n
Size of economy: 2008 gross domestic product
in billion of euros Wealth per person: 2008 gross domestic product
per person
• The European Union is the world’s biggest
trader, accounting for 20% of global imports and
exports.
• The single market is one of the European
Union’s greatest achievements.
• Free trade among its members started 50 years
ago.
• The Union is therefore keen to liberalise world
trade for the benefit of rich and poor countries
alike.
• The single market has led to: Four
freedoms of movement:
4 goods
4 services
4 people
4 capital
Trade : Volume and Variety( import and Export)
INDIA & EU
INDIA WITH THE WORLD
EU WITH INDIA
EU TRADE WITH INDIA BY PRODUCT (2010)
Threats to EU
• Terrorism
• Proliferation of weapons of mass destruction
• Regional conflicts
• State failure
• Organized crime