The European Union (EU) has evolved significantly since the signing of the two treaties that created the European Economic Community (EEC) and the European Atomic Energy Community (Euratom) in 1957. To date, the political and economic stability offered by the EU has attracted 27 Member States comprising almost half a billion citizens and positions the EU as the third largest economy in the world.
Guided by the Lisbon Treaty, the EU plays important roles on the global stage in promoting diplomacy, championing free and open trade, defending human rights, advancing sustainable development and providing humanitarian aid.
With the help of over 140 diplomatic representations around the world, the EU cooperates closely with its Member States to promote the values and interests of the EU and establish networks and partnerships, promoting multilateral-based solutions to common challenges.
Since the outbreak of the COVID-19 pandemic in early 2020, the EU, its Member States and European financial institutions, as Team Europe, have pledged a total of €46 billion to support the global response in addressing the emergency and strengthening partner countries’ key health sectors and the socio-economic recovery process.