The European Union is a famous IGO which is headquartered in Brussels, Belgium. It has 27 member states which are in Europe. It is known to be an economic and political union which was founded in 1993, Netherlands. Some of the members include, Germany, Poland, Spain, France, Ireland, Italy and Sweden. Besides that, it has won awards like Nobel Peace Prize, Bambi-Millennium Award and others.
The founders of the union include Italy, Belgium, France, Germany, Netherlands, and Luxembourg. The purpose of EU is to allow free flow of goods and individuals. Secondly, it also aims to promote competitiveness in the global market while monitoring the fiscal and political members. Products manufactured in any of the EU member states can be sold to the other member without trade restrictions.