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The European Union ( Eu )

Decent Essays

This international business report has been conducted on the European Union (EU). The information that was used to carry out this report has been provided by Massey University and Kansas State University, innless indicated otherwise. The focus of this report is to identify significant features, trends and issues from an agricultural prospective. A brief summary of the EU will be provided to gain an insight and an introduction to EU.

The EU has 28 countries with an approximate population of 503 million people and of the total population, 75% live within urban areas. The coordination of European countries started after world war two due to the resulting impacts e.g food shortages. It has since become an economic union, where members have free trade, a common currency, free movement of labour and capital and common external trade policies. The agriculture sector currently makes up 1.6% of GDP and 5% of the workforce (Central Intelligence Agency, 2016). However, agricultural GDP has been declining over the years, due to support policy changes and greater prosperity of other sectors. The importance of agriculture varies considerably from country to country within the EU as shown in Figure 1, meaning some countries are more reliant on it than others. Countries within the EU are in different economic stages, resulting in distinctive, low, middle and high income groups. It can also be seen that there is considerable diversity in GDP per capita in the EU, shown by it ranging from,

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