The European Union (EU) was formed to promote economic integration and cooperation among its member nations. This means that the EU was created to encourage countries to work together and remove barriers to trade and commerce between them.
The EU was established to promote free trade within its member nations by creating a common market, which is an area where goods, services, capital, and people can move freely without restrictions. By doing this, the EU aims to increase trade, investment, and economic growth among its members.
The EU does not primarily exist to promote economic integration in non-member countries, finance development projects in member nations, or assist countries to achieve their economic goals. While the EU may engage in these activities, its primary goal is to promote economic integration and cooperation among its member nations.