Transatlantic Economic Council
The Transatlantic Economic Council, or commonly called TEC, is a body set up between the United States (US) and European Union (EU) to direct economic co-operation between the two economies.
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[edit] Establishment and chairmanship
It was established by an agreement signed on 30 April 2007 at the White House by US President George W. Bush, EU Council President Angela Merkel (also German Chancellor) and EU Commission President José Manuel Barroso.
The Council is co-chaired by an EU and US official. Currently,they are: Michael Froman, Deputy National Security Advisor for International Economic Affairs; and Karel De Gucht, European Commissioner for Trade. It meets at least once a year, called by the chairs.
[edit] Work
The Council is tasked with helping to meet economic partnership objectives and harmonize regulations. Other priorities include: road safety, and petrol conservation, cosmetic testing (aiming to find alternatives for animal testing), technologies and more co-operation. However the Council has been criticised as getting bogged down in minor detail and failing to produce results.[1]
At a TEC meeting on 17 December 2010 in Washington, D.C. the leaders released a U.S.-EU Transatlantic Economic Council Joint Statement.
[edit] See also
[edit] References
[edit] External links
- Transatlantic Economic Council, United States Department of State
- 2010 Transatlantic Economic Council Joint Statement, White House
- Transatlantic Economic Council, European Commission - Enterprise and Industry
- Text of the agreement, White House, 2007-04-30
- Bush OKs 'integration' with European Union, World Net Daily, 2007-05-08
- EU-US summit to set up transatlantic economic council, The Raw Story, 2007-04-26
- FFII: McCreevy wants to legalise Software Patents via a US-EU patent treaty
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