As a supernational organization, the European Union bears economic, political diplomacy and military influence as a regional organization in the following manner:
1. Economic Influence:
(а) Three times larger share in world trade than the US.
(b) Its currency Euro can pose a threat to the dominance of the US dollar.
(c) The EU functions as an important bloc in the World Trade Organisation (WTO).
2. Political and Diplomatic Influences:
(a) Two members of the EU, Britain, and France hold permanent seats in the Security Council to influence the UN policies.
(b) The EU also includes various non-permanent members of the UNSC.
(c) The European Union play an influential role in diplomacy and negotiations except for the military force i.e. the EU’s dialogue with China on human rights and environmental degradation is remarkable.
3. Military Influence:
(a) The EU’s combined armed fo^fees are second largest in the world.
(b) Its total expenditure on the military is second to the US.
(c) Its two important members Britain and France also experience nuclear ascends of 550 nuclear warheads.
(d) The EU is the world’s second most important source of space and communications technology.
