The **European Union (EU)** is a unique supranational political and economic union of 27 European countries, created to promote peace, stability, and prosperity across the continent. It originated after World War II, with the initial goal of fostering economic cooperation to prevent further conflicts. The founding members—Belgium, France, Germany, Italy, Luxembourg, and the Netherlands—gradually expanded to include 27 member states by 2025, following the departure of the United Kingdom in 2020[1][4][10]. The EU's core strength lies in its **single market**, which guarantees the free movement of people, goods, services, and capital across member states, supported by a common legal and regulatory framework. With a combined population of over 450 million and a nominal GDP of approximately €17.9 trillion in 2024, the EU accounts for about one-sixth of global economic output, making it a major global economic power[1]. The eurozone, comprising 20 member states, uses a common currency, the euro, further integrating their economies[1]. Politically, the EU operates as a hybrid entity, combining elements of a federation and a confederation. It has established common policies in trade, agriculture, fisheries, regional development, justice, and home affairs. Its Common Foreign and Security Policy enables it to play a significant role on the global stage, with diplomatic representation at the United Nations, WTO, G7, and G20[1]. In recent years, the EU has emphasized digital transformation and innovation, with firms rapidly adopting AI and advanced technologies to close the digital gap with the US. However, regulatory complexity and market fragmentation remain challenges for businesses[5][9]. The EU also holds an annual **State of the Union address**, where the European Commission President outlines priorities and initiatives to tackle geopolitical challenges, boost competitiveness, enhance defense and security, and deepen integration[2][3][6]. Notably, the EU was awarded the Nobel Peace