POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It has reduced trade barriers.
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It has banned foreign imports.
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It has raised workers salaries.
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It has ended business competition.
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Detailed explanation-1: -The EU has strengthened economic governance, designed a system to safeguard financial stability in the euro area, improved Member States’ public finances and promoted reforms to encourage investment.
Detailed explanation-2: -Together, the EU institutions and countries are the world’s leading donor of development assistance and cooperation. The EU proposes legislation and policies to promote good governance and human and economic development, such as fighting hunger and preserving natural resources.
Detailed explanation-3: -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-4: -In 2021, 39 trade barriers (six more than in 2020) were fully or partially removed, mostly through cooperative engagement with the trading partners concerned. Their elimination had an immediate positive effect on EU exporters, notably in the food sector as most of them concerned sanitary and phytosanitary measures.