What is the European Union (EU)?
The European Union (EU) is an economic and political union of 28 countries. It operates an internal (or single) market which allows free movement of goods, capital, services and people between member states.
- Republic of Cyprus
- Czech Republic
- United Kingdom
What is the World Trade Organization (WTO)?
The EU is a part of the WTO, which is the only global organization that regulates international trade disputes.
What Is North America Free Trade Agreement (NAFTA)?
NAFTA was created to compete with the EU, and is the world's largest free trade agreement. It took three Presidents to implement it. The original purpose was to help the United States, Canada and Mexico compete with the European Union. It has tripled trade, but also been criticized for outsourcing U.S. jobs and exploiting Mexico's farmers.
There are 51 Countries that make up the European Region:
Bosnia and Herzegovina
Holy See (the)
Isle of Man
Russian Federation (the)
Svalbard and Jan Mayen
United Kingdom of Great Britain