June 2023 Doing Business with The European Union & Great Britain As the course of Brexit is finalizing, the European Union is facing new uncharted territory regarding the future of trade/investment development between its members and the rest of the world. At stake is the concept of the federalization of Europe and the economies of Europe that have developed within the European Union’s Single Market/Customs Union and the four related multilateral free trade areas of Europe.
Operating as a single market with 28 countries, the EU is a major world trading power. EU economic policy seeks to sustain growth by investing in transport, energy and research – while minimizing the impact of further economic development on the environment. In terms of the total value of all goods and services produced (GDP), it is bigger than the US economy at 18 trillion dollars. Although over 65% of EU countries’ total trade is done with other countries within the European Economic Union, EU trade with the rest of the world accounts for some 15.6 % of global imports and exports. Together with the United States and China, the EU is one of the 3 largest global players in international trade. The 28 EU countries had the second largest share of global imports and exports of goods. Their exports amounted to 15.6 % of the world’s total, ahead of the US (11.8 %). Join us for what will be an exclusive Conference addressing the key areas of US-European business opportunities involving US policymakers and European trade representatives.
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