ST Explains: What's the allure of the EU, and why nations want to be part of it

The EU had a gross domestic product worth about US$16 trillion in 2021. PHOTO: REUTERS
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Ukraine and Moldova have both been granted European Union candidate status, a historic move in the wake of Russia's invasion of Ukraine.

"Today marks a crucial step on your path towards the EU," European Council President Charles Michel wrote on Twitter on Thursday (June 23), referring to Ukraine and Moldova.

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