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Development and Parts of European Union Introduction to European Union The European Union is the political and economic organization of European countries. It has developed at various levels, that is, the establishment of the European Union is not by any one agreement or treaty, but after various treaties and amendments. The "Treaty of Paris (1951)", "Treaty of Rome (1957)", "Treaty of Maastricht (1993)" and "Treaty of Lisbon (2009)" have contributed significantly to its development. Parts of European Union At present, only 27 members will remain after Britain gets out of the union. The European Union has played an important role in the political and economic development of European countries, due to which this organization represents about 22% of the world's economy. The European Union has its own Parliament, Commission, Council of Ministers, Councils, Courts and Central Banks which are also known as the principal organs of th...