Which best describes the purpose of the European Union? to help foster peace and economic collaboration among European nations. Castro’s relationship with Khrushchev appeared to be a threat to America’s safety.

Answer. Answer: The following statement best describes the European Union : The EU is a political and economic partnership among separate European nations.

From economic to political union The European Union is a unique economic and political union between 27 EU countries that together cover much of the continent. The predecessor of the EU was created in the aftermath of the Second World War.

List of Advantages of the European Union

• Freedom of movement.
• Better jobs and workers’ protection.
• Access to health benefits.
• Lower prices of goods and services.
• 5. Development of underdeveloped member regions.
• High cost of membership.
• Problems with the policies.
• Problems with the Single Currency.

Polls found that the main reasons people voted Leave were “the principle that decisions about the UK should be taken in the UK”, and that leaving “offered the best chance for the UK to regain control over immigration and its own borders.”

Withdrawal from the European Union is the legal and political process whereby an EU member state ceases to be a member of the Union. Article 50 of the Treaty on European Union (TEU) states that “Any Member State may decide to withdraw from the Union in accordance with its own constitutional requirements”.

Norway is an example of a country that is not a part of the EU Customs Union but is a member of the Single Market. Norway sets its own trade agreements for imports from outside the union but must comply with EU regulations when moving goods and people within the Single Market.

The EU is a Customs Union – its 27 member countries form a single territory for customs purposes. This means that: no customs duties are paid on goods moving between EU Member States.

Turkey’s membership of the customs union is recognised as having played a significant part in its economy’s transition from agrarian to industrial. As Turkey is in a customs union with the EU, it has to adjust its tariffs and duties to match those of the EU.

Since 2016 accession negotiations have stalled. The EU has accused and criticized Turkey for human rights violations and deficits in rule of law. In 2017, EU officials expressed that planned Turkish policies violate the Copenhagen criteria of eligibility for an EU membership.

The EU and Turkey are linked by a Customs Union agreement, which came into force on 31 December 1995. Turkey has been a candidate country to join the European Union since 1999, and is a member of the Euro-Mediterranean partnership.

The country’s main trade partners are China, the United States, the Netherlands, Germany, Argentina, Japan, Mercosur and the EU.