The European Union (EU) is a politico-economic union of 28
member states that are located primarily in Europe. It has an area of 4,324,782
km2 (1,669,808 sq mi), and an estimated population of over 510 million. The EU
has developed an internal single market through a standardised system of laws
that apply in all member states. EU policies aim to ensure the free movement of
people, goods, services, and capital within the internal market,enact
legislation in justice and home affairs, and maintain common policies on
trade,agriculture, fisheries, and regional development. Within the
Schengen Area, passport controls have been abolished. A monetary union was
established in 1999 and came into full force in 2002, and is composed of 19 EU
member states which use the euro currency.
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