Political union lends international credibility to a trade bloc  Trust is a valued asset on the international market. When multinational corporations trade in astronomical figures, they must be able to trust in the political goodwill of the governments of the trading partner, to ensure that all parties to the agreement honour its conditions. Major trading partners, such as China and the US, are immense markets where one body can represent the whole country; this is also the case with the European Union through the European Commissioner for Trade. Having one person who can negotiate for the whole bloc has immense benefits in terms of economies of scale and making the European Union a major power in trade negotiations. Without a political union that provides a framework that binds them all members equally Europe would lose out (16).  A single point of contact for trade negotiations is good because it gives the EU a larger market share, it allows smaller EU countries to benefit from the larger EU countries’ economic gravity, and it contributes to long-term trade relations between the EU and other large international entities.  (16) “EU position in world trade”, Trade, European Commission.