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Introduction
In many facets, the European Union (EU) is thought to be an extraordinary accomplishment. Since its inception in the 1950's, the EU has raised the standard of living for its citizens, it has created a single market and a single currency, the euro. Collectively, the EU has enormous economic power and is arguably the world leader in development aid. Although not all European countries are EU members, its membership has grown from six to 25 nations, with two more nations positioned to join in 2007. While the union embodies a diverse representation of European cultures, the nations come together with similar dedications to peace, respect for human rights and democracy.
The European Union and Global Trade
The European Union is the world's biggest trader, accounting for 20% of global imports and exports (European Commission, 2004, p. 3). The EU has a fundamental policy to open its market to imports from the outside world as long as its trading partners will do the same......

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Approximate Word Count: 941
Approximate Pages: 4 (250 words per double-spaced page)

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