1. Laws are imposed by European committee and parliament; Regional growth funds encourage education of people; EU central bank tracks interest rates; Disadvantages. List of the Cons of the European Union. Even the structure of the governing body provides jobs that would not be present otherwise. Fig. Individual countries cede control over some of their laws and regulations over to the European Union when membership is pursued. Having better trade deals in place makes it possible for products to be priced lower for consumers throughout Europe. Home » Pros and Cons » 18 Advantages and Disadvantages of the European Union. On the other side of that, countries that have the ability to become world leaders are held back by the restrictions of the EU. Globalisation & the EU The EU allows free trade within member states. The costs of EU membership to the UK is £15bn gross (0.06% of GDP) – or £6.883 billion net. The European Union, most commonly referred to as the EU, is a union of 28 different countries in Europe that have established political and economic policies. Although it is recommended to carry a passport when traveling in Europe because immigration officers can ask for proof of nationality, there is an area of free travel without border controls for land crossings. It can take several years for needed changes to occur. Here are some of the key points to consider. Multiple European Union capitals so entree to government affiliates is instantly accessible to citizens. Pros: 1. That means people can save money on the basics they need, including groceries, because of the leveraged power of the EU. The EU consists of 28 European countries and 24 languages flow throughout the countries. In 2004 we will see the biggest enlargement in the history of the EU. But the trade off is not entirely good news, since there would be restrictions of UK citizens working and living in EU member states. The best trade agreements occur because of size and leverage. There are many advantages and disadvantages when expanding internationally. It is a supranational organization, which is when countries give up some control of their affairs and work together to achieve shared goals. Every nation would need to negotiate a deal and they would be at a disadvantage because of their comparative size. They are Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the U.K. From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors, 18 Advantages and Disadvantages of the European Union, 17 European Shipbuilding Industry Statistics, Trends…, 20 European Apparel Industry Statistics and Trend, 19 China Milk Industry Statistics, Trends & Analysis, 22 Sri Lankan Apparel Industry Statistics and Trends, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. 1. Even with its many benefits, Member States, and those planning to become a member, have to seriously consider if the cost is worth it. In order to preserve the culture of each individual member country of the European Union, there is no “official language” associated. That can make it difficult to get anything done. R… This free area of travel has been in place since 1995. Maybe it’s time to leave the EU once and for all. That is because border controls are governed by a treaty that was signed in 1985 by the European Economic Community at the time. Having grown up…, Joe Vandever originates from New Mexico and was recruited into…, The story of the Navajo Code Talkers begins in 1940 when a small…, The beginning of the Navajo Code Talkers began on May 4, 1942…, The Navajo Code Talkers that served during World War II contributed…, Navajo music is traditionally part of their culture’s ceremonial…, In the early days of the world, there were four elements that…, Within the Navajo culture, there are several symbols that have…, Navajo arts often focus on the ability to weave rugs. All previous enlargements have significantly impacted on the regional focus of the EU’s external policies. The European Union is a powerful union located primarily in Europe, which have at least 28 member states including: Germany, Poland, United Kingdom, France, Spain, Italy and more. Joining the EU member states, countries can increase GDP growth and prosperity. Union membership dues start at approximately $200 a year, and many unions charge more, according to Larry Keller of Bankrate.com. Every member state is required to pay membership fees to the European Union. There may be economic benefits which come with membership in the EU, but there will always be people and member states that put in more than they receive in return. The European Union was officially formed on November 1, 1993 in Maastricht, Netherlands. 1. The Brexit process began with the United Kingdom (UK) voting to leave the European Union (EU) in a 2016 referendum. 2. … The country with the largest population in the European Union is Germany, with over 82 million. The opposite is also true. 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