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Word Count: 865
The European Union EU is an economic and politican union that is comprised of 27 individual member states The EU member states work in conjusnction to create rules and regulations that apply to of its members In order make these intergral decisions the EU is comprised of several institutions including the Council of the European Union The European Council The European Central Bang the Court of Auditors and the European Parliament Since its formation the European Union existence has been up for debate Many nations believe that the EU is flawed in several areas and have refused to join however after examining the benefits of the EU it is clear that the advantages provided by the EU can strongly advance countries in several areas As shown through the economy benefits the international system that it creates and the its ability to make countries more progressive it is evident the the EU is very advantageous to its member statesFirstly the economical benefits created by the EU creates many benefits for its member states This is evident through the trade practices by countries in the EU and the fact that the EU can provide a great deal of assitence for economic recovery and assistanceIn regards to trade the EU has opened up several barriers that were previously present in Europe Currently countries in the EU are not subjected to tarrifs which have been able to effectively reduce the costs and prices of several goods and services within the country This removal of tarrifs in intergral to growth because it promotes free trade It creates incentives for countries to trade and removes most reluctance Because of this trade in the EU is extreamly high Currently over 60 of the United Kingdoms total exports are to the EU and trade within the EU itself has increased 30 since its conceptionAside from trade the EU is also beneficial for countries that are seeking to better their economy Prior to the
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