What makes uropian union a highly …

As a supernational organisation, the European Union bears economic, political diplomacy and military influence as a regional organisation in the following manner:

1. Economic Influence:

•  Three times larger share in world trade than the US.
•  Its currency Euro, can pose a threat to the dominance of the US dollar.
•  The EU functions as an important bloc in the World Trade Organisation (WTO). 

2. Political and Diplomatic Influences:

•  Two members of the EU, Britain and France hold permanent seats in the Security Council to influence the UN policies.
•  The EU also includes various non-permanent members of the UNSC.
•  The European Union play an influential role in diplomacy and negotiations except the military force i.e. the EU’s dialogue with China on human rights and environmental degradation is remarkable.