Europe is, by convention, one of the world’s seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally divided from Asia by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting the Black and Aegean Seas.
The European Union (EU) comprises 28 member states, which are party to the founding treaties of the union and thereby subject to the privileges and obligations of membership. Unlike the members of international organisations, the constituent states of the EU are placed under binding laws in exchange for representation within the common legislative and judicial institutions. European directives are driving de facto world standards that have strategic implications for the semiconductor and allied industries, which depend on access to a wide and growing range of chemicals.
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