Being members of the European Union means that all forms of trade barriers and other trade restrictions would be lifted between the member countries compared to when it is with the United States. It also makes goods to be cheaper and more easily accessed.
Trade agreements with the EU facilitate this in two ways. Trade agreements allow European businesses to: acquire the raw materials and other inputs they need more quickly and at lower rates, assisting them in maintaining their competitiveness; compete more successfully abroad and export more to nations and regions outside the EU.
The EU negotiates contracts on behalf of its member nations and is in charge of their trade policies. In international trade discussions, the EU's collective voice is more influential than the voices of its individual members. To negotiate trade agreements, the EU actively works with nations or regional organizations.
Read more on the European Union here:https://brainly.com/question/13929900
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