The European Union (EU) and its 27 member states are together responsible for about 46 per cent of international development cooperation, so that, combined, they are the world's largest donor. As the world’s largest single market, the EU is also an important trading partner for many developing countries and has a major influence on the world trade regime.
The EU combines financial, economic and political influence and has manifold historical and cultural relations with most developing countries. This makes it one of the key players in international development policy.