European Union has a nominal gross domestic product of (US$16.6 trillion) amounting to 31% of the world's total economic output. It is also the largest exporter and the biggest trading partner to many countries including very large markets such as India and is one of the top trade partners for many others such as China. 163 of the top 500 largest corporations (measured by revenue, the Fortune Global 500) are headquartered in the EU.
EUROPEON UNION is going to have a president in 2009.
