The European Union (EU) is a political and economic union of 27 Member States located primarily in Europe. These countries work together to promote peace, stability, and prosperity through shared policies and regulations. Each Member State retains its sovereignty while participating in collective decision-making processes. The EU was established to foster cooperation among its members, allowing for the free movement of goods, services, people, and capital. Member States benefit from various programs and funding opportunities, which support economic development and social initiatives across the region.