Name: Rashad Mohammed
Student ID: 10023685
1 Reflections on the case analysed by the group
Our group project is about the trade and business relationship between the EU and Saudi Arabia.
We have covered the following topic:
1. The Introduction in European Union
2. European business union and its advantage and disadvantage
3. The European Union trade agreements and its link the Saudi Arabia
4. The relation between members of European Union and Saudi Arabia
5. The European Union tackling unfair trade
6. The European Union legislative
The European union is formed after the ratification of the Maastricht treaty by members of the European community, by this the economic and political union was established during 1993,later on it expanded and started to involve various central and eastern European nations. The political scope of European economic-community was increased by the establishment of the European Union especially in areas like security policy. It also resulted in the establishment of a central European bank and invention and adoption of a single currency called the Euro.
History:
The end of World War II, the democratic European nation leader realized the need of a governing body which would lay rules and cooperation on all level and to set economic policy throughout the complete region.
-1948, the first signs of cooperation was implemented; France, U.K, and three other countries formed the west European Union.
-1950, three important treaties were signed that indicated the starting of European Union.
-1957, 1958s, The European economic-community was brought into and a second treaty was signed for the (EURATOM). These two treaties were know was the treaties of Rome.
-1967, the title European community started being used to describe the independent, new institution which was created to look after the ECSC, EEC AND Euratom.
-1967, the growth period of European Union came to an end.
-1980,