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

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

and

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...

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. It is located at 1600 Pennsylvania Avenue NW in Washington, D.C., and has been the residence of every U.S. president since John Adams in 1800. ...

U.S. President The president of the United States (POTUS) is the head of state and head of government of the United States of America. The president directs the executive branch of the federal government and is the commander-in-chief of the United States ...

George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...

President of the European Council The president of the European Council is the person presiding over and driving forward the work of the European Council on the world stage. This institution comprises the college of heads of state or government of EU member states as well as t ...

Angela Merkel Angela Dorothea Merkel (; ; born 17 July 1954) is a German former politician and scientist who served as Chancellor of Germany from 2005 to 2021. A member of the Christian Democratic Union (CDU), she previously served as Leader of the Oppo ...

(also

German Chancellor The chancellor of Germany, officially the federal chancellor of the Federal Republic of Germany,; often shortened to ''Bundeskanzler''/''Bundeskanzlerin'', / is the head of the federal government of Germany and the commander in chief of the Ge ...

) and EU Commission President

José Manuel Barroso José Manuel Durão Barroso (; born 23 March 1956) is a Portuguese politician and university teacher, currently serving as non-executive chairman of Goldman Sachs International. He previously served as the 11th president of the European Commi ...

. 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 Daleep Singh (born March 12, 1976) is an American economic advisor who was a Deputy National Security Advisor for International Economics in the Biden administration and later joined PGIM Fixed Income in June 2022 as chief global economist. He ...

and

European Commissioner for Trade The European Commissioner for Trade (sometimes referred to as the ''EU Trade Commissioner'') is the member of the European Commission responsible for the Common Commercial Policy (EU), European Union's common commercial policy. Responsibilities ...

Valdis Dombrovskis Valdis Dombrovskis (born 5 August 1971) is a Latvian politician serving as Executive Vice President of the European Commission for An Economy that Works for People since 2019 and European Commissioner for Trade since 2020. He previously serve ...

. 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. For ...

s. Other priorities include:

road safety Road traffic safety refers to the methods and measures used to prevent road users from being killed or seriously injured. Typical road users include pedestrians, cyclists, motorists, vehicle passengers, horse riders, and passengers of on-road ...

, 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 non-human animals in experiments that seek to control the variables that affect the behavior or biological system under study. This ...

), 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. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

, 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 2021.

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 Organizations related to the European Union Transatlantic relations

Establishment and chairmanship

Work

See also

References

External links