Of the two trade blocs in Europe,the European Union is by far the most significant,in terms of membership as well as economic and political influence in the world economy.

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The European Union has 27 member states and a combined GDP of over $18 trillion, making it one of the world's largest economies and trade blocs. The other trade bloc in Europe, the European Free Trade Association, has only four member states and a much smaller economic influence.

Of the Two Trade Blocs in Europe,the European Union Is