Tag: basics of european union

The common Agricultural policy is the one of the lasting polices of the EU. It is focused on increasing agricultural production, providing certainty in food etc.

From its starting to till date EU have 28 countries as its member.

Biotechnology helps in development of genetically modified food which is the scientific research field of EU.

European Systems of Central Bank is the full form of ESPB.

Euro is the single currency which is the second most traded and reserve currency of the world.

European Union with a single currency system had a combined GDP of 18.640 trillion dollars.

The Bioeconomy comprises those parts of the economy that use renewable biological resources from land and sea such as crops, forests, fish, animals and micro-organisms to produce food, materials and energy. European Union is currently working on this.

European Systems of Central Bank is divided into European Central Bank and National Central Bank.

Iceland, Norway and Switzerland are the countries are the member of the European Free Trade Association but not the member of EU.