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What is one disadvantage of joining the European Union?
Disadvantages of EU membership include: Cost. (UKIP claim that the cost of EU membership in total amounts to £83bn gross if you include all possible costs, such as an ‘estimated’ £48bn of regulation costs – or £1,380 per head [1]. The ONS has estimated a net contribution cost of £7.1 bn.
Can anyone join the European Union?
Criteria. According to the EU treaties, membership of the European Union is open to “any European State which respects the values referred to in Article 2 and is committed to promoting them” (TEU Article 49).
What are the conditions to join the European Union?
Countries wishing to join need to have:
- stable institutions guaranteeing democracy, the rule of law, human rights and respect for and protection of minorities;
- a functioning market economy and the capacity to cope with competition and market forces in the EU;
How long does it take for a country to join EU?
On average, it takes just under five years from the opening of accession negotiations, but the timeframe depends on the ability of the candidate country to achieve the necessary domestic reforms, as well as the level of political will on all sides to see the process through.
Why didn’t Norway join the EU?
Norway has high GNP per capita, and would have to pay a high membership fee. The country has a limited amount of agriculture, and few underdeveloped areas, which means that Norway would receive little economic support from the EU.
Why does Sweden not use euro?
Sweden does not currently use the euro as its currency and has no plans to replace the existing Swedish krona in the near future. Sweden’s Treaty of Accession of 1994 made it subject to the Treaty of Maastricht, which obliges states to join the eurozone once they meet the necessary conditions.
Why should a country join the EU?
EU is one of strongest economic areas in the world. With 500 million people, it has 7.3% of the world’s population but accounts for 23% of nominal global GDP. Free trade and removal of non-tariff barriers have helped reduce costs and prices for consumers. Increased trade with the EU creates jobs and higher income.
Can non European countries join EU?
Although non-European states are not considered eligible to be members, they may enjoy varying degrees of integration with the EU, set out by international agreements. The general capacity of the community and the member states to conclude association agreements with third countries is being developed.
Why is Switzerland not in the EU?
Switzerland signed a free-trade agreement with the then European Economic Community in 1972, which entered into force in 1973. However, after a Swiss referendum held on 6 December 1992 rejected EEA membership by 50.3% to 49.7%, the Swiss government decided to suspend negotiations for EU membership until further notice.