The European Union is the world's largest, and most advanced regional economic bloc.

Name: The European Union is the world's largest, and most advanced regional economic bloc.
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The European Union (EU) is indeed the world's largest and most advanced regional economic bloc with a GDP worth over 15 trillion USD and a population of more than 440 million people. It is also the world's biggest trading bloc and has a single market with free movement of goods, services, capital, and people.

The European Union Is the World's Largest, and Most Advanced