WORLD HISTORY

POST COLD WAR WORLD

INTEGRATION OF EUROPE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
European Union has promoted trade by? Select all that apply
A
by creating a common currency D by eliminating tariffs on trade between members
B
by nationalizing major European industries
C
by eliminating quotas on all foreign imports
D
by eliminating tariffs on trade between members
Explanation: 

Detailed explanation-1: -The EU negotiates trade agreements on behalf of the member states – including Ireland. These agreements deal with preferential duty rates on the shipment of goods between the EU and countries around the world. They have also evolved to cover a wider range of areas to facilitate trade.

Detailed explanation-2: -The EU is responsible for the trade policy of the member countries and negotiates agreements for them. Speaking as one voice, the EU carries more weight in international trade negotiations than each individual member would. The EU actively engages with countries or regional groupings to negotiate trade agreements.

Detailed explanation-3: -The EU tariffs will be eliminated for a period of five years and the European Commission will promptly initiate procedures aimed at making the tariff changes permanent.

Detailed explanation-4: -The aims of the European Union within its borders are: promote peace, its values and the well-being of its citizens. offer freedom, security and justice without internal borders, while also taking appropriate measures at its external borders to regulate asylum and immigration and prevent and combat crime.

There is 1 question to complete.