Evrópusambands

Evrópusambands is the Icelandic term for the European Union. The European Union is a unique economic and political union of 27 European countries. It was established after World War II with the aim of fostering economic cooperation, believing that countries that trade with one another become more interdependent and thus less likely to fight. The EU has grown from its origins as a purely economic union to encompassing a wide range of policy areas, from environmental protection and human rights to justice and foreign affairs. Its institutions include the European Parliament, the European Council, the Council of the European Union, the European Commission, and the Court of Justice of the European Union. Iceland, while not a member of the EU, has close ties with the Union through its membership in the European Economic Area (EEA). This agreement allows Iceland to participate in the EU's single market, benefiting from the free movement of goods, services, capital, and people, while not being part of its political structures or common policies in areas such as agriculture and fisheries. The relationship between Iceland and the Evrópusambands is characterized by a strong commitment to shared European values and economic integration.