The EU is one of the world's largest trade blocs, has the world's largest GDP, and represents almost half a billion people.  The EU is one of the world’s largest trade blocs, has the world’s largest GDP, and represents almost half a billion people. A permanent seat for the EU would reflect those new power dimensions. The permanent seats for France and the UK are based on the fact that they were among the great powers and victors of World War II. However, the global balance of powers has shifted significantly since then: France and the UK have declined and at the same time, the EU has emerged as a major player in the international arena.