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The European Union is the largest exporter in the world [198] and in 2008 was the largest importer of goods and services. [199] [200] Internal trade between the member states is aided by the removal of barriers to trade such as tariffs and border controls.
The 1990s also saw the further development of the euro. 1 January 1994 saw the second stage of the Economic and Monetary Union of the European Union begin with the establishment of the European Monetary Institute and at the start of 1999 the euro as a currency was launched and the European Central Bank was established. On 1 January 2002, notes ...
The largest union confederation in Europe is the German Confederation of Trade Unions. Usually there are at least two national union confederations, one for academically educated and one for branches with lower education level. The largest Swedish union confederation is the blue-collar Swedish Trade Union Confederation (Landsorganisationen, or
The only union generally recognised as having achieved the status of a supranational union is the European Union. [ 16 ] Although the Soviet Union was created under an initial ideological appearance of forming a supranational union, it never de facto functioned as one, and constitutionally was a federation ; see Republics of the Soviet Union ...
The European Union (EU) is a political and economic union of 27 member states that are party to the EU's founding treaties, and thereby subject to the privileges and obligations of membership. They have agreed by the treaties to share their own sovereignty through the institutions of the European Union in certain aspects of government.
The Pan-European Regional Council (PERC), a European trade union organisation within the ITUC was formed 19 March 2007. It consists of 87 national trade union centres and a total membership of 87 million. It works closely with the European Trade Union Confederation (ETUC). The ITUC raises capital through charging dues to its member organisations.
An economic union is a type of trade bloc which is composed of a common market with a customs union. [1] The participant countries have both common policies on product regulation, freedom of movement of goods , services and the factors of production ( capital and labour ) as well as a common external trade policy.
The history of the European Union – Europa; European Union Politics Timeline - Oxford University Press: European Union Politics Resource Centre; Archival material concerning the history of the European Union can be consulted at the Historical Archives of the European Union in Florence