Transatlantic Economic Council

The United States (orange) and European Union (green)

The Transatlantic Economic Council (TEC) is a body set up between the United States and European Union to direct economic cooperation between the two economies.

## Establishment and chairmanship

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The TEC was established by an agreement signed on April 30, 2007 at the White House by U.S. President George W. Bush, President of the European Council Angela Merkel (also German Chancellor) and EU Commission President José Manuel Barroso.

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[1] and European Commissioner for Trade Valdis Dombrovskis.[2] The Council meets at least once a year, called by the chairs.

## Work

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The Council is tasked with helping to meet economic partnership objectives and harmonize regulations. Other priorities include: road safety, and petrol conservation, cosmetics testing (finding alternatives to animal testing), technologies, and more cooperation. However the Council has been criticised as getting bogged down in minor details and failing to produce results.[3]

At a TEC meeting on 17 December 2010 in Washington, D.C., the leaders released a U.S.-EU Transatlantic Economic Council Joint Statement committing all parties to deeper transatlantic cooperation on secure trade and supply chain security policies.[4] This was followed by an EU / United States joint statement on supply chain security signed in Brussels on 23 June 2011.[4]

## See also

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* Transatlantic Free Trade Area
* Transatlantic Trade and Investment Partnership – proposed Free Trade agreement
* United States–European Union relations

## References

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1. ^ "Daleep Singh". wilsoncenter.org. Wilson Center. Retrieved July 26, 2021.
2. ^ "Mairead McGuinness named as Ireland's European commissioner, given 'important financial portfolio'". The Irish Times. September 8, 2020. Retrieved July 26, 2021.
3. ^ A Transatlantic Free Trade Area? Archived 2010-01-16 at the Wayback Machine ECIPE
4. ^ a b European Union / United States, Joint Statement on Supply Chain Security, issued 23 June 2011, accessed 15 August 2021

## External links

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* 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
* FFII: McCreevy wants to legalise Software Patents via a US-EU patent treaty

* v
* t
* e

Foreign relations of the European Union

Bilateral relations

See also: Economic relationships with third countries

Africa|

* Algeria
* Cape Verde
* Egypt
* Libya
* Morocco
* South Africa
* Sudan
* Tunisia

Americas|

* Argentina
* trade
* Brazil
* Canada
* Colombia
* Cuba
* Greenland
* Mexico
* Peru
* United States
* Uruguay

Asia|

* Bahrain
* Bangladesh
* China
* India
* Indonesia
* Iran
* Iraq
* Israel
* Japan
* Jordan
* Kazakhstan
* Lebanon
* Malaysia
* Nepal
* North Korea
* Pakistan
* Palestine†
* Philippines
* South Korea
* Syria
* Taiwan
* Vietnam
* Yemen

Europe|

| Internal|

* Croatia
* Cyprus
* Czech Republic
* Denmark
* Poland
* Slovenia

|

External|

* Albania
* Andorra
* Armenia
* Accession negotiations
* Azerbaijan
* Belarus
* Bosnia and Herzegovina
* Faroe Islands
* Georgia
* Accession negotiations
* Iceland
* Kosovo†
* Liechtenstein
* Moldova
* Accession negotiations
* Monaco
* Montenegro
* North Macedonia
* Northern Cyprus†
* Norway
* Russia
* San Marino
* Serbia
* Sovereign Military Order of Malta
* Switzerland
* Turkey
* Accession negotiations
* Ukraine
* Accession negotiations
* United Kingdom
* Vatican City

Oceania|

* Australia
* Micronesia
* New Zealand
* Papua New Guinea

Former|

* Yugoslavia

General|

* Overseas territories of member states
* European microstates
* Largest trading partners
* Association Agreements
* Free trade agreements
* European Union Sanctions

* †= Disputed state, may not be recognised as an independent state by some or all European Union members.

Multilateral relations and initiatives

| Organisations|

* Arab League
* ASEAN
* Council of Europe
* ECHR
* G7
* ICC
* IOC
* Mercosur
* NATO
* UN

|

Initiatives|

* African, Caribbean and Pacific Group of States
* Asia–Europe Meeting
* CARIFORUM
* Customs Union
* Eastern Partnership
* Energy Community
* Euro-Latin American Parliamentary Assembly
* European Common Aviation Area
* European Economic Area
* Euro-Mediterranean free trade area
* Euro-Mediterranean Partnership
* Euronest
* Economic Partnership Agreements
* EU CBRN Risk Mitigation CoE Initiative
* Neighbourhood Policy
* Northern Dimension
* Mediterranean Union
* Stabilisation and Association Process

Administration and policies

| Foreign and Security Policy|

* Global Strategy
* Neighbourhood Policy
* Enlargement
* Security and Defence Policy

|

Administration|

* Humanitarian Aid and Civil Protection Department
* Directorate-General for International Cooperation and Development
* External Action Service
* Foreign Affairs Council
* High Representative Josep Borrell
* Parliamentary Foreign Affairs Committee
* Foreign Policy Instruments Service
* Diplomatic missions of the EU (ambassadors) / to the EU
* Special Representatives

Funding|

* Instrument for Pre-Accession Assistance
* Global Europe

* v
* t
* e

Common Security and Defence Policy of the European Union

Leadership|

* High Representative
* Director General of the Military Staff/Director of the Military Planning and Conduct Capability
* Director of the Civilian Planning and Conduct Capability
* Chairman of the Military Committee
* European Council
* Foreign Affairs Council

Structure|

| External Action Service|

* Command structure on the civilian/military strategic and operational levels (Military Planning and Conduct Capability within the Military Staff, Civilian Planning and Conduct Capability, Joint Support Coordination Cell)
* Intelligence and Situation Centre (Club de Berne)
* Crisis Management and Planning Directorate
* Security & Defence College

|

Agencies|

* Defence Agency
* Institute for Security Studies
* Satellite Centre

Council preparatory bodies|

* Committee of Permanent Representatives
* Political and Security Committee
* Politico-Military Group
* Military Committee
* Committee for Civilian Aspects of Crisis Management

European Commission bodies|

* Directorate-General for Defence Industry and Space

Funding|

* Defence Fund

Policies|

* Security Strategy
* Everything but Arms
* Annual Review

Equipment|

* Galileo navigation system
* Secure Software-defined Radio (PESCO)

Decorations|

* Service medal
* Medal for Extraordinary Meritorious Service
* Monitor mission medal

Related|

* Permanent Structured Cooperation (PESCO)
* Headline Goal 2010
* Military Erasmus
* Military Mobility (PESCO)
* Intelligence School (PESCO)
* Kortenberg building
* NATO relations (Berlin Plus agreement, Joint Declaration)

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