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The European Union 1. All photographs and graphics courtesy of European Commission Audiovisual Library The European Union. The EU, USA and Japan. Comparison between Japan-EU-USA population, share of world GDP, share of world trade.

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the european union 1

The European Union 1

All photographs and graphics courtesy of

European Commission Audiovisual Library

the eu usa and japan
The EU, USA and Japan

Comparison between Japan-EU-USA population, share of world GDP, share of world trade

  • EU Parliament – Currently 785 MEPs. Based in France, Belgium and Luxembourg
    • Passes laws, monitors budget, monitors EU institutions
  • EU Council– Ministerial representations from each member state
    • Passes laws, approves EU budget, co-ordination of economic policies, develops foreign policy, co-ordinates anti-crime strategies
  • EU Commission– 20 Commissioners appointed by each member state every 5 years
    • Proposes legislation, implements EU policies, law enforcement, international co-ordination
  • European Central Bank – inflation target of less than 2% per year, sets short term interest rates for the whole eurozone area,
    • Implements and monitors Eurozone monetary policy
  • European Investment Bank – ‘owned’ by member states. Raise finance through financial markets,
    • Invest in projects to promote aims of EU – large scale projects
  • Court of Auditors – monitors legality and efficiency of EU income and expenditure
  • Court of Justice – one judge from each member state
    • Interprets and applies EU legislation
member states
Member States

Map reproduced with permission from

enlargement new members


Czech Republic









Enlargement - New Members
  • CAP – Common Agricultural Policy
    • Sustainablility
    • Food Quality
    • Animal Welfare
    • Food Safety
    • Control
    • Farmers welfare/incomes
    • Employment in agriculture
  • CFP – Common Fisheries Policy
    • Conservation of fish stocks
    • Aid to fishing industry to cope with changing circumstances
    • Monitor supply and demand for fish
    • Negotiate with non-EU members on fishing issues
  • European Regional Development Fund
  • European Social Fund
  • European Agricultural Guidance and Guarantee Fund
  • Financial Instrument for Fisheries Guidance
    • Aims to encourage development of poorer regions
    • Increase employment opportunities
    • Encourage new industry to locate in areas of structural decline
    • Develop infrastructure in poorer regions
    • Encourage new training methods and facilities
finance economics
  • Euro – monitor introduction and development
  • Tax Harmonisation – reduce differentials in tax regimes throughout the single market to aid competition and transparency
  • Single Market – free movement of goods, services, labour and capital between member states
eurozone 2001
Eurozone 2001

Members of the Eurozone, 2001. UK, Denmark and Norway currently outside the zone