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Benelux Countries By: B. Hart
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What are the Benelux Countries?
Flag of Benelux The Benelux Countries are an economic union in Western Europe that includes three neighboring monarchies, Belgium, the Netherlands, and Luxembourg, which lie in the north western European region between France and Germany. The name is formed from the beginning of each country's name. What are the Benelux Countries?
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Objective of the Benelux Countries
The objective of bringing about total economic integration by ensuring free circulation of persons, goods, capital, and services; by following a coordinated policy in the economic, financial, and social fields; and by pursuing a common policy with regard to foreign trade. Objective of the Benelux Countries
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Facts about the Benelux
Name is formed from the names of the three countries that make it: Belgium, the Netherlands, and Luxembourg. Most of the Benelux Countries are Catholic. Government is democratic with a high standard of living. Belgium’s capital, Brussels, hosts the largest court house in the world. Facts about the Benelux
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The union was established to promote free movement of workers, capital, goods, and services in the Benelux region. All three countries were also founding members of what has become the European Union (EU), which has implemented these same reforms. Benelux was the first entirely free international labor market, but its goal of merging the fiscal and monetary systems of the three countries was only largely fulfilled when most EU nations replaced their currencies with the euro (2002).
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