Sample Essay on:
Formation, Benefits And Detriments Of The European Union

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Essay / Research Paper Abstract

4 pages in length. The writer briefly discusses commerce, tariffs and the Euro as they relate to the EU. Bibliography lists 7 sources.

Page Count:

4 pages (~225 words per page)

File: LM1_TLCEUdevel.rtf

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Unformatted sample text from the term paper:

information on using this paper properly! The European Union (EU), which was initially established as a customs union that possessed free trade among the Member States, maintains significant political strength when it comes to regulating European commerce. Comprised of Austria, Belgium, Denmark, Finland, France, Germany, Greece, Luxembourg, Ireland, Italy, The Netherlands, Portugal, Spain, Sweden, and the United Kingdom, the EU is responsible for setting forth the specifications regarding outside commerce. Previously named the European Community (EC), "the creative and strong leadership" (Clinton, 1998, p. 909) represents the European Union as one of the worlds "most powerful trade blocks" (Leal Filho, 1996, p. 5), inasmuch as it instructs businesses how they are to operate within the boundaries of Europe; if these guidelines and restrictions are not adhered to, the EU sees to it that the particular commerce in question reconsiders its tactics or refuses its existence. Indeed, the entire purpose of the EU is to protect the continents economic interests. "The European Union is the basis upon which we must consolidate democracy and prosperity across the whole of Europe, healing the historic divisions which scarred our continent through the Cold War, and cementing peace" (Barber, 1996, p. 11). Just one of myriad areas where the EU has worked to uphold cultural and economic standards is that of the banana wars, a situation in which Belgium has played an integral role. It was not all that long before the World Trade Organization (WTO) denounced three primary elements of the EUs tariff regime, which included discriminatory quota negotiation and allocation, licensing procedures and "violation of the EUs commitments under the General Agreement on Tariffs and Services (GATS)" (Smith, 2002). The EU ...

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