Formation of

European
Union

Presented by:
C.P.Vyas
GRAHAM Hall
Road Map
What is EU?

Why was EU set up?

Basis of EU

EU history

Objects of EU

Economic Implication on the world

 What is EU?
The European Union (EU) is
a political and economic
union of twenty-seven
member states,
located primarily in Europe.
It was established by the
Treaty of Maastricht in 1993
upon the foundations of the
pre-existing
European Economic
Community
 Basis of the EU

The European Union is based on the rule of

law and democracy. It is neither a new
State replacing existing ones nor is it
comparable to other international
organisations. Its Member States
delegate sovereignty to common
institutions representing the interests of
the Union as a whole on questions of joint
interest. All decisions and procedures are
derived from the basic treaties ratified by
the Member States.
European Union (History)

Bitter experience after the world war-II

To guarantee Peace and security in
Europe
Development in all the areas
Principle Objective of European Union

Establish European Citizenship

Ensure Freedom, Security and Justice
Promote economic and social progress
Assert Europe’s role in the world
Four Freedom in EU

The Free movement of goods

The Free movement of persons (and
citizenship), including free movement of
workers, and Freedom of establishment.
The Free movement of services.
The Free movement of capital.
EU Economy constitutes

Single Market
Monetary union
Competition
Budget
Development areas

Agriculture
Energy
Infrastructure
Regional Development
Environment
Education and Research
Demand and Supply in EU

Oil Prices are on the higher side, the

value of the EURO currency is more so
the Demand and supply cycle is converted
by Arab countries receiving euro and EU
and by supplying oil to the EU nations.
 Economic implication on the country and the world-
Energy Supply and Demand in Eurasia:
Cooperation between EU and Iran

Introduction:
 Energy diversification has emerged as one of the most important priorities
for a majority of the European countries and the EU.

 Growing energy demand in Europe combined with a high reliance on Russia

as an energy producer have led the EU to look to the Caspian Sea region
for alternative energy resources, especially in natural gas.

 Iran has the 2nd largest natural gas reserves in the world and could assist
Europe in diversifying supplies.

 There is substantial potential for energy cooperation between Iran and the
European countries, particularly Turkey.
 Economic implication on the country and the world-
Energy Supply and Demand in Eurasia:
Cooperation between EU and Iran
Relationship between demand and prices of oil and economic growth:
 European countries have a large deficit between energy consumption and
production have many options to pursue:

 Russia, Turkmenistan, Iran, Iraq, Qatar, Algeria, and Libya are part of
these huge gas reserves surrounding the European continent. In a sense,
then, Europe is surrounded by a “sea of gas”.

 Iran is one of the primary ones.

 Iran has the world’s second biggest gas reserves after Russia, and may
play an important future role in supplying gas to the EU.
 Recommendations

Must be focused on economy of the country

and not on the war among the countries
Conclusion

As on what EU managed to do. we as an

Asian nation should also enforce on
economic development strengthening the
ASEAN committee.