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World Trade Blocs
Click on the graphic for information on the four World Trade Blocs.

The European Union
Members:
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
Portugal
Spain
Sweden
UK
Trade Flow:
exports $813bn
imports $801bn
The European Union



The EU has become the most powerful trading bloc in the world with a GDP now exceeding that of the United States. The creation of the euro as a single currency for 12 EU members has led to ever closer economic links. The EU has found it difficult to shed its protectionist past based on the idea of self-sufficiency in agriculture which limits agricultural exports from the other countries.