The Economy and the European Union:

The European Union composes of a combined population of 506,913,394 as of 2014. The European Union composes of 28 different countries such as Germany, France and the United Kingdom just to name a few. The European Union accounts for 1/4 of the entire global economy.

Aim 1: To Deliver peace and stability to the European Union.

Aim 2: To be the United States most important political party.

Aim 3: To be the worlds largest trader.

Aim 4: To be the largest providers of development assistance around the world.

Aim 5: To be the most ambitious in terms of climate and energy anywhere in the world.

There are many reasons that the EU is concerned about ensuring fair competition for all businesses. Some of these reasons are that the combined might of China, India, Brazil, Russia and the United States are that they could easily dominate the world trade market by 2050.