Purpose of the European Union And the relationship of its members SS6CG5b. Describe the purpose of the European Union and the relationship between member nations
European Union (EU) Has 27 members Purpose: work together to improve Trade Education Farming Industry
Benefits When small countries combine, they have More people Larger economy EU U.S. Land area 1,500,000 3,700,000 Population 500,000,000 305,000,000 GDP $14 trillion $13.5 trillion
Results Euro – currency ($$$) of the EU (makes trade between countries easier) No taxes on goods traded between EU countries (Free-trade zone) Citizens can move from 1 EU country to another, live and work in any EU country, and even vote in another EU country.
CRCT Test Prep Read p. 142 – 143. Answer questions # 368-371 Summary In your learning log (p. 9) answer this question: Why do countries want to be part of the EU?