EU-USA - Transatlantic Economic Council
The Transatlantic Economic Council is a political body to oversee and accelerate government-to-government cooperation with the aim of advancing economic integration between the European Union and the United States of America.
At the EU-US Summit on 30 April 2007, Commission President Barroso, German Chancellor Merkel and US President Bush signed the " Framework for Advancing Transatlantic Economic Integration between the United States of America and the European Union [178 KB] ".
Key elements of this framework were the adoption of a work programme of cooperation, and the establishment of the TEC to oversee, guide and accelerate the implementation of this work programme.
The Vice-President for Enterprise and Industry chaired the Transatlantic Economic Council (TEC) from its inception in 2007 until 2009.
Currentlly, the TEC is chaired by European Commissioner Karel De Gucht and Michael Froman, deputy assistant to the U.S. president and deputy national security adviser for international economic affairs.
The co-chairs jointly developed a set of working arrangements [24 KB] that should make this Council a useful and effective tool to attain their common objectives.
The Transatlantic Economic Council brings together those Members of the European Commission and US Cabinet Members who carry the political responsibility for the policy areas covered by the Framework.
The Summit leaders have tasked the TEC to convene a Group of Advisers, consisting of the Co-chairs of the three existing transatlantic dialogues, the Transatlantic Legislators' Dialogue, Trans Atlantic Consumer Dialogue and TransAtlantic Business Dialogue.
The Group of Advisers is mandated to reach out to the broader stakeholder community and to give a voice to their concerns.
First meeting of the TEC
The first meeting of the TEC was held on 9 November 2007 in Washington D.C.
Second meeting of the TEC
The second meeting of the TEC was held in Brussels on 13 May 2008. The EU-US High-Level Regulatory Cooperation Forum submitted the following three documents to the TEC:
The TEC co-chairs reported on the TEC's progress to the EU-US Summit in Brdo, Slovenia, on 10 June 2008.
Progress Report [64 KB]
Third meeting of the TEC
The third meeting of the TEC was held in Washington D.C. on 12 December 2008.
The EU-US High-Level Regulatory Cooperation Forum submitted the following two reports to the TEC:
Fourth meeting of the TEC
The fourth meeting of the TEC was held in Washington D.C. on 27 October 2009.
The EU-US High-Level Regulatory Cooperation Forum has met twice prior to the TEC:
- Summary report (24 July) [42 KB]
Fifth meeting of the TEC
The fifth meeting of the TEC was held in Washington D.C. on 17 December 2010.
- Joint Statement
- Sector Specific Statements
- Report of the 8th Meeting of the EC-US High-Level Regulatory Cooperation Forum [60 KB]
- Report of the 9th Meeting of the EC-US High-Level Regulatory Cooperation Forum [70 KB]
Areas of cooperation
- Secretariat-General: Impact Assessment
- Directorate-General for Enterprise and Industry: Regulatory Cooperation
- Directorate-General for Health and Consumer Protection: Consumer Affairs
Intellectual Property Rights
- Directorate-General for Internal Market and Services: Copyright Enforcement; Patents
- Directorate-General for Trade: Intellectual Property
- Directorate-General for Taxation and Customs: Counterfeit and Piracy
- Directorate-General for Taxation and Customs: Customs and Security
- Directorate-General for Trade: Trade Facilitation
- Directorate-General for Internal Market and Services: Accounting Standards; Capital Market Regulation; Auditing; EU-US Financial Markets Regulatory Dialogue
Innovation and Technology
- Directorate-General for Enterprise and Industry: Innovation Dialogue
- Directorate-General for Information Society and Media: eHealth; Radio Frequency Identification (RFID)
- Directorate-General for Research: Biotechnology Research; Bioproducts