Significance of European Union
The European Union is a political and economic union of member states primarily located in Europe, with significance in both historical and scientific contexts. Historically, it was noted in relation to Denmark's rejection of the Euro. Scientifically, it encompasses a governing body that regulates medicinal products, establishing maximum residue limits (MRLs) for substances like flubendazole, and reports substantial phytomedicine sales, which totaled approximately US$6 billion in 1991.
Synonyms: Europe, European community, European economic community, Common market
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
The concept of European Union in local and regional sources
The European Union is a political and economic union of European member states, highlighted by Denmark’s rejection of the Euro, which reflects national decisions within this broader collective framework.
From: Triveni Journal
(1) A political and economic union of member states located primarily in Europe, referenced in relation to Denmark's vote against the Euro currency.[1]
From: History of Science in South Asia
(1) The Ayuryog project was made possible through funding from the European Union’s Horizon 2020 research and innovation programme.[2]