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European Union
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   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
European Union (EU)
An economic association of European countries founded by the Treaty of Rome in 1957 as a common market for six nations. It was known as the European Community until January 1, 1994 and currently comprises 15 European countries. Its goals are a single market for goods and services without any economic barriers, and a common currency with one monetary authority.

European Union
A supranational economic and political organization consisting of the majority of the countries in Europe. While it lacks the authority of a federal union, it provides a common market and free trade between members. Importantly, it created and operates the euro, which is one of the most important global currencies. See also: European Central Bank.


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They are expected to welcome the extension of EU judicial mission in Iraq for one year and underline continued commitment of the EU to supporting the development of the rule of law in the country, specifically by providing training of the police, the judiciary, and the penitentiary system.
The EU is on track to deliver on its Kyoto Protocol commitments for reducing or limiting emissions of greenhouse gases, the Commission's annual progress report on emissions shows.
The EU has been seeking to include global warming, intellectual property rights and child-labour policies in the stalled negotiations but India has opposed the incorporation of what it calls "extraneous" non-trade issues.
 
 
 
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