| European Union at a Glance The European Union (EU) is a political and economic union of 27 member nations, established in 1993. The goal of the EU is to eliminate economic barriers between member nations, increasing cooperation, competition and commerce. It does this by establishing a single market through a standardized system of laws which apply in all member states, guaranteeing freedom of movement of people, goods, services and capital.  |
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An economic powerhouse | ||
The 27 member nations of the EU form the single largest economy in the world – even bigger than that of the U.S. Its diverse and growing economy is in constant demand for fresh ideas and new products. Although the EU makes up only 7% of the world’s population, its trade with the rest of the world accounts for approximately a fifth of all global exports and imports. |
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Facts & Figures | ||
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With almost 500 million citizens, the EU generates an estimated 30% of the world’s gross domestic product. | ||
| • | There are 23 official languages of the EU member nations. Important documents, such as legislation, are translated into every official language. | ||
| • | The EU is densely populated, containing 16 cities with populations of over 1 million. | ||
| • | 15 of the 27 member states have adopted the Euro as the common currency. | ||
| • | The EU is working to improve cross-border infrastructure. By 2010, the Trans-European Networks will cover 75,200 kilometers (46,700 miles) of roads, 78,000 kilometers (48,000 miles) of railways ,330 airports, 270 maritime harbors, and 210 internal harbors. | ||
| EU Member Nations: A closer look | |||
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Why start in Germany? | ||
Germany is a highly industrialized and progressive nation that features the largest single economy in the EU. A variety of successful small- and mid-sized enterprises as well as many internationally known companies provide ample business opportunities. Germany’s convenient central position within Europe eases exporting and business travel. Because AWT is headquartered in Germany, our familiarity with the business landscape, tax codes and governmental regulations work to our clients’ advantage. Furthermore, the unique cultural diversity, quality universities and research institutes make Germany a fine place to work and live. |
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