The Transatlantic Economic Council (TEC) is a body set up between the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

and

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...

to direct economic cooperation between the two economies.

Establishment and chairmanship

The TEC was established by an agreement signed on April 30, 2007 at the

White House The White House is the official residence and workplace of the president of the United States. Located at 1600 Pennsylvania Avenue Northwest (Washington, D.C.), NW in Washington, D.C., it has served as the residence of every U.S. president ...

by U.S. President

George W. Bush George Walker Bush (born July 6, 1946) is an American politician and businessman who was the 43rd president of the United States from 2001 to 2009. A member of the Bush family and the Republican Party (United States), Republican Party, he i ...

, President of the European Council Angela Merkel (also German Chancellor) and EU Commission President

José Manuel Barroso José Manuel Durão Barroso (; born 23 March 1956) is a Portuguese politician and law professor. He previously served from 2002 to 2004 as the List of Prime Ministers of Portugal, 114th prime minister of Portugal and from 2004–2014 as the 11 ...

. The Council is co-chaired by an EU and a U.S. official. Currently, they are US Deputy National Security Advisor for International Economics Daleep Singh and European Commissioner for Trade Valdis Dombrovskis. The Council meets at least once a year, called by the chairs.

Work

The Council is tasked with helping to meet economic partnership objectives and harmonize

regulation Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. Fo ...

s. Other priorities include:

road safety Road traffic safety refers to the methods and measures, such as traffic calming, to prevent road users from being killed or seriously injured. Typical road users include pedestrians, cyclists, Driving, motorists, passengers of vehicles, and p ...

, and petrol conservation, cosmetics testing (finding alternatives to

animal testing Animal testing, also known as animal experimentation, animal research, and ''in vivo'' testing, is the use of animals, as model organisms, in experiments that seek answers to scientific and medical questions. This approach can be contrasted ...

), technologies, and more cooperation. However the Council has been criticised as getting bogged down in minor details and failing to produce results.A Transatlantic Free Trade Area?
ECIPE At a TEC meeting on 17 December 2010 in Washington, D.C., the leaders released
U.S.-EU Transatlantic Economic Council Joint Statement
committing all parties to deeper transatlantic cooperation on secure trade and supply chain security policies.European Union / United States
Joint Statement on Supply Chain Security
issued 23 June 2011, accessed 15 August 2021 This was followed by an EU / United States joint statement on supply chain security signed in Brussels on 23 June 2011.

References

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

, 2007-04-30
FFII: McCreevy wants to legalise Software Patents via a US-EU patent treaty
{{Foreign relations of the European Union 2 United States–European Union relations Organisations related to the European Union Transatlantic relations

Establishment and chairmanship

Work

See also

References

External links