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INDIA-EUROPEAN UNION image by Atrishekhar sir - Coggle Diagram

- - - - The European Union (EU) is a political and economic union of 27 member states located primarily in Europe. The EU was established by the Maastricht Treaty, which entered into force on November 1, 1993.
        
        It has a single market where goods, services, and capital can move freely
        
        European Economic Community (EEC), 1957: It was established by the Treaty of Rome. It aimed to create a common market among its member states and to promote economic growth and cooperation.
        
        European Free Trade Association, 1960: It was created to promote free trade and economic integration between certain countries not in the EEC.
        
        First direct elections to the European Parliament in 1979
        
        Launch of the Erasmus Programme, 1987: It is launched to fund university students wishing to study in another European country.
        
        Maastricht Treaty, 1993: It transformed the EC into the EU and expanded the scope beyond economic integration to include political, social, and security policies.
        
        Euro introduced, 1999: The euro was introduced in 11 countries for commercial and financial transactions only.
        
        The EU has its own currency, the Euro, which is used by 19 of the member states..
        
        Treaty of Lisbon, 2007: It aimed to make the EU more democratic, efficient and transparent, and thereby able to tackle global challenges such as climate change, security and sustainable development.
        
        Croatia became the 27th EU member in 2013.
        
        GEORGIA,MOLDOVA & UKRAINE ARE IN PROCESS
        
        United Kingdom(UK) votes to leave the EU, 2016: In a referendum in 2016, 52% of voters in the UK voted for the UK to leave the EU.
        
        The United Kingdom left the EU in 2020.
        
        The main goal of the EU is to promote cooperation and integration among its member states in order to enhance economic and political stability in Europe.
      - There are 4 main decision-making institutions that lead the EU’s administration.
        
        European Council: The European Council is made up of the heads of state or governments of the EU member states. It sets the EU's overall political direction.
        
        European Commission: The European Commission is the executive branch of the EU.
        
        European Parliament: The European Parliament is the directly elected legislative body of the EU.
        
        Council of the EU: It is the main decision-making body of the EU. It represents the interests of member states and is responsible for adopting legislation and coordinating policies.
- - - - Enhancing food security, regional supply chains, trade accessibility, environmental considerations, economic cohesion, job creation, and reduces greenhouse gas emissions.
      - Reliable cross-border ship-to-rail transit network connecting India, the UAE, Saudi Arabia, Jordan, Israel, and Europe.
      - It offers India a crucial role in global commerce, digital communication, and energy networks vis-à-vis China’s BRI
      - Geographical Advantage: It firmly positions India along the trade route spanning South East Asia to the Gulf, West Asia, and Europe.
      - The PGII (Partnership for Global Infrastructure Investment) initiative (announced in 2021 during the G7 summit in the UK) is a collaborative effort by G7 countries to fund infrastructure projects in developing nations.