by RapidSpider » 26 Jan 2011, 14:25
Advantages:
Guaranteed trade within the EU trading bloc. No tariffs or trade barriers. EU is gaining on the dollar, and will probably override NAFTA and other American preferential trade agreements.
Disadvantage:
High costs of operating a business. The EU is generally a lest competitive place to start a business because of the high labour costs and welfare policies. Generally the EU is home to the higher-end of the service sector jobs, rather than factory, etc.