2024 marks a significant year for democracy worldwide with elections slated in at least 64 countries, including major players like the United States, the European Union (EU), and India. Almost half the global population will be going to the polls this year. Among these, the EU Elections stand out for their global importance.

Every five years citizens across the EU's 27 member countries head to the polls to elect their representatives to the European Parliament. This year, from June 6th to 9th, 448 million voters will participate in this crucial exercise. Notably, the EU elections receive high marks for "freedom and fairness" from Swedish think tank V-Dem.

So why should the rest of the world pay attention to the EU Elections?

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1. Impact on Global Trade:

As the world's largest importer and exporter of goods and services, the EU plays a pivotal role in maintaining economic stability and fostering globalization. However, rising skepticism towards EU integration threatens to shift the focus inward, potentially disrupting global trade dynamics. The outcome of the EU Elections could influence the trajectory of EU policies, with far-reaching implications for international trade.

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2. Climate Action:

With the urgency of climate change increasingly evident, the EU has taken bold steps to combat greenhouse gas emissions. The commitment to achieving climate neutrality by 2050, enshrined in EU law, sets a high standard for environmental stewardship. These ambitious targets not only benefit the EU but also contribute positively to global efforts to mitigate climate change.

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3. Regulation of Artificial Intelligence:

Recognizing the dual potential of Artificial Intelligence (AI) as both a transformative technology and a potential risk, the EU Parliament has taken proactive measures to regulate AI usage. The recently approved AI Act empowers the EU to assess and manage AI risks, including the authority to ban technologies deemed "unacceptable." By setting a precedent for responsible AI governance, the EU paves the way for global standards in AI regulation.

These pivotal issues demonstrate the EU's significant role in shaping global policy agendas. The outcomes of the EU Elections in June 2024 will not only impact EU citizens, but also reverberate across borders, affecting governments and citizens worldwide.

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At InterKnowlogy, we recognize the importance of the EU Elections, not only for their broader implications but also for their relevance to our work. Our iK Election Insights product will provide broadcasters and their viewers with valuable insights into the electoral process, contributing to informed public discourse on this critical event. We are committed to promoting transparency and understanding in democratic processes, both within the EU and beyond.

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