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EU Trade

International trade within European nations has benefited greatly from the establishment of the European Union. The development of the EU has rarely been consistent and often been contentious, but the result is a market area that is now the single largest in the world. In global trade, the EU is the world’s biggest exporter of manufactured goods and services, as well as the largest importer for more than 100 countries. The borders may still exist between the 28 nations that comprise the EU, but the union has made it much easier for goods, services and capital to move freely between consumers and investors. Free trade was, in fact, among the EU’s founding principles. What began with six countries in the 1950s, as a new organization formed from the European Coal and Steel Community and the European Economic Community, has evolved and expanded over subsequent decades through the addition of new member states and institutions. The EU was formally established under its current name in 1993, and in 2002 the Euro was established (amidst some controversy and member discontent) as the union’s primary legal tender. The EU also has its own parliament, central bank and court of justice. The Prominence of EU Trade EU trade is conducted under the rules established by the World Trade Organization. According to European Commission statistics, more than 16 percent of the world’s imports and exports are traded within the European Union. Free trade agreements have expanded the union’s worldwide network, generating additional growth, jobs and markets. Serving some 500 million consumers, the EU is the largest economy and the largest trading block in the world, and is likely to remain so through its open markets, secure legal investment framework, and low import tariffs.

Trump wants more LNG shipments of export cargo and import cargo in international trade to EU.

TRENDING—EASING PERMITTING SUGGESTED TO FUEL U.S. ENERGY EXPORTS TO EUROPE

President Donald Trump held out the hope, after his July 25 meeting with European Commission President Jean-Claude Juncker, of new… Read More


#PLs handle shipments of export cargo and import cargo in international trade.

Expansion will allow airport to handle more shipments of export cargo and import cargo in international trade.

Expansion will allow port to handle more shipments of export cargo and import cargo in international trade.

Trump has imposed tariffs on steel and aluminum shipments of export cargo and import cargo in international trade.

Ireland as an EU center for shipments of export cargo and import cargo in international trade.

Demand for natural gas in the EU will impact shipments of export cargo and import cargo in international trade.

Easier permitting could yield more US LNG shipments of export cargo and import cargo in international trade.

Trump has proposed tariffs on EU shipments of export cargo and import cargo in international trade.

Trump has proposed tariffs on shipments of export cargo and import cargo in international trade.

Trump has proposed tariffs on automobile shipments of export cargo and import cargo in international trade.

Expansion will allow 3PL to handle more shipments of export cargo and import cargo in international trade.

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