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But the EU is still the largest or second largest market in the world (depending on the source).


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Considering that the EU is the second largest consumer market in the world (at least according to https://en.wikipedia.org/wiki/List_of_largest_consumer_marke...), it seems like that point is kind of far away.

> single largest market

The EU really isn't a single large market though for most practical purposes. For the purposes of complying with regulations and accepting payment it is, but for every other practical consideration that matters to a company doing business there, it's a few dozen separate markets.


* The EU/EEA is the largest market in the world*

Define "largest" in this context.


The EU is a bigger market, overall.

And it's far from homogeneous in terms of laws which would apply to you doing business in its various member nations.


Global market share hardly matters though. UN isn’t regulated monopolies national agencies/EU are. Not that it should matter it’s still an oligopoly which is not that different

The EU is arguably the biggest market in the world, why wouldn't it use that for the benefit of its citizens? Same way Apple uses its weight to cut better deals with its providers and the countries it operates in.

When your largest market is the EU, you abide by EU's laws

https://en.wikipedia.org/wiki/Brussels_effect


The EU has other industries.

Right, get rid of their 2nd largest market, at size ~? of the US one. Yes, that will definitely show the EU who's the boss. /s

There is a difference between looking at the first EU country in a list and the EU as a whole.

It's not a market you can decide to leave on a whim if you're a serious business.


EU has like 50 markets, 300 carriers and anybody can import anything from enywhere.

The problem is that EU cannot be considered as a whole. What you see in particular markets can largely differ one from another - what you have in UK, doesn't apply to France. What you have in the latter, doesn't apply to Germany, and so on...

The domestic market of any company in the European Union is, in theory, the entire EU population: ~503 million people[1].

[1] http://en.wikipedia.org/wiki/European_Union


The market they're interested in is the EU. So "all over the world except China" includes the EU. Defining the market as the region the governing authority has power over is nothing new: The FTC rules on the US market, the European Commission rules on the EU market.

Market doesn't mean advertise, it means to bring products to market, so yes, bringing products to market for the world is also bringing them to market for the EU.

The EU is a huge market. Why would you not want to sell to them?

The EU assumes you have a market-dominant position at a market share of 40%. You don't even need a majority of the market to be treated as a "monopolist".

The EU has a similarly sized internal market, but it's consistently self-sabotaging on many levels (EU, countries, state, local) so does not realize a lot of the benefits it could get.

The EU also has more languages than the US. Even if it was legally a single market, that wouldn't make it a single market culturally.
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