This document provides information about the European Union (EU). It begins with a brief definition of the EU as a political and economic community of 27 member states located primarily in Europe. It was established in 1993 by the Treaty of Maastricht. The EU combined generates an estimated 30% share of the world's nominal gross domestic product. The founding members were France, West Germany, Italy, Belgium, Netherlands, and Luxembourg. The initial goals of the EU were to improve Europe's economy by regulating trade and forming a single market. Current issues facing the EU include enlargement, the Euro currency, multilingualism, transparency, and security. The document also discusses Brexit, the UK's decision to leave the EU, and some

1. Harshit Gupta
IUU15BBA027
B.B.A 5(A)
Ms Shalini Singh

2. European Union
Th e E uropea n U nion (E U ) is a politic a l a nd ec onom ic c om
m unity of tw enty -s ev en m em b er s ta tes , loc a ted prim a rily in
E urope. I t w a s es ta b lis h ed in 1993 b y th e Trea ty of M a a s
tric h t, a dding new a rea s of polic y to th e exis ting E uropea n
Com m unity . With a lm os t 500 m illion c itiz ens , th e E U c om b
i ned g enera tes a n es ti m a ted 30% s h a re of th e w orld's nom ina l
g ros s dom es tic produc t (U S $16.6 trillion) in 2007.

3. Founding Members
1. F ra n c e
2. We s t G e rm a n y
3. I ta l y
4. B e l g i u m
5. N e th e rl a n d s
6. L u x e m b o u rg

4. Goal Of EC
To continue to improve Europe’s economy by
regulating trade and commerce.
To form a single market for Europe's
economic resources.
—
As these goals were accomplished, other
goals were developed:
—Environmental movements
—Regulatory acts
—Human rights concerns.

5. Principal Objectives Of EC
—Establish European Citizenship Ensure freedom, security ,
and justice
—Promote economic and social progress
—Assert Europe’s role in the world

6. The Single MarketThe Single
Market
Based on Four Freedoms:
– Free movement of goods;
– Free movement of capital;
– Free movement of persons;
– Free movement of services.

7. EU’s Global Role—
Neighborhood Policy: invites our neighbors to
the East and to the South to share in the peace,
stability and prosperity
—Development:
—Donating to more than 160 countries
—Leading donor for emergency & humanitarian
—Goals: poverty reduction, long-term
development, institution building
Strong supporter of effective
multilateralism: active role in WTO, UN, G8
—Trade: the European Union's 25 members
represent just 7% of the world's population, but
they account for more than a fifth of global
imports and exports.

8. Levels Of European Union
Council
of the EU
European
European
Commission
European
Parliament

9. Headquarters
Brussels , Belgium
—

11. Current EU Issues
1. Enlargement:
*Ten countries joined the EU in 2004, making 27 countries total.
2. The Euro:
*The Common Currency for the EU Countries.
3. Multilingualism:
*20 official languages (as of 2004) for 27 countries.
4. Openness, Access and Transparency:
*How to get the documents to the people?
5. Safety & security of Europe:
*Against terrorism.
6. BREXIT

12. BREXIT
BREXIT” refers to the possibility of Britain’s exit from European
Union
On 23 June 2016 citizens of the United Kingdom (UK) voted to leave the
European Union (EU).
On 29 March 2017 the UK formally notified the European Council of its
intention to leave the EU by triggering of Article 50 of the Lisbon
Treaty.
For the time being, the United Kingdom remains a full member of the
EU and rights and obligations continue to fully apply in and to the UK

13. Reasons Behind Brexit
Interference of EU
The UK taxpayers money directly goes to 14.5 billion
Euros per year
The EU regulations cost UK businesses over 600 million
Euros every week
EU bounded the trade rules of UK
Immigration issues
Losing sovereignty and cultural values

14. Thank You