I (Meaning and importance of Exports) Unit Structure

4.5.2 Objectives of EU 
The main objectives of European Unions are as follows- 
● To eliminate trade barriers on member nations. 
● To assist member nations during the times of emergencies. 
● To develop cultural and social relations. 
● To promote free transfer of labour and capital among member 
nations. 
● To bargain collectively with the non-members by means of 
collective strength. 
● To impose common external barriers on non-members. 
4.5.3 Policies of European Union: 
There are number of policies adopted by European Union. 
These policies are as follows- 
1. Common Agriculture Policy- 
The main aims of this policy is improving the agricultural 
production and to improve the position of the EU formers. It also 
aims to make available food products at reasonable rates. It allows 
free movement of food products among member nations. 
 
2. Common Fisheries Policy-
It provides equal access to fishing areas to all nationals of 
EU. It adopts common market standards for marine products. 
 
3. Common Transport Policy- 

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It aims at integration of transport facilities of the entire 
community. It monitors organization and control of transport system 
within the community.
4. Fiscal Policy- 
It aims at unification of tax rates, and other fiscal matters. It 
monitors common value added tax on products in the member 
states. 
5. Industrial Policy- 
It facilitates research and development among member 
nations. It aims at improving international competitiveness of 
industries of EU member states. 
6. Competition Policy-
It prohibits agreements which lead to prevention, or 
restriction of competition within the EU. It aims to promote 
competition within the EU by restricting anti-competitive practices.