The EU is the largest single market in the world, with extensive trading links with the developing world, not least through the Lomé Convention - the crucial development assistance and trade agreement between the EU and 71 African, Caribbean and Pacific (ACP) countries.
2. If the European dimension can lead to lower prices in sectors such as telecommunications, other sectors should witness similar price reductions. As matters stand, prices often vary considerably from one EU country to another; the differences are much greater than within the US, for example.