Source: Council of the European Union (video statements)
Why is the European Union one of the world’s biggest trade powers? With 27 countries working together as one single market, the EU has trade agreements with around 80 partners worldwide − more than any other economy. These agreements cut tariffs, remove trade barriers, lower prices, and make sure that imported products meet European safety standards. With 450 million consumers and over 33 million European jobs tied to trade, EU trade policy matters for exporters, businesses and shoppers alike.