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The Trade and Technology Council (TTC) is a transatlantic political body which serves as a diplomatic forum to coordinate technology and trade policy between the United States and European Union. [1] It is composed of ten working groups, each focusing on specific policy areas. [ 2 ]
Article 207(1) of the Treaty on the Functioning of the European Union (TFEU) states: [5] "The common commercial policy shall be based on uniform principles, particularly with regard to changes in tariff rates, the conclusion of tariff and trade agreements relating to trade in goods and services, and the commercial aspects of intellectual property, foreign direct investment, the achievement of ...
The 27 European Union-member governments would have had to approve of the partnership, via unanimous voting under TFEU Articles 207 and 218, on the negotiated agreement in the Council of the European Union, at which point the European Parliament will also be asked for its endorsement. The European Parliament is empowered to approve or reject ...
The TransAtlantic Business Dialogue (TABD) was established by the US government and European Union in 1995 as the official business sector advisory group for EU and US officials on trade and investment issues. The purpose of the TABD was to foster an ongoing dialogue between business and government at the highest levels.
The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to conclude trade agreements. Even so, member states' governments control every step of the process (via the Council of the European Union , whose members are national ministers from each ...
The EU's foreign relations are dealt with either through the Common Foreign and Security Policy decided by the European Council, or the economic trade negotiations handled by the European Commission. The leading EU diplomat in both areas is the High Representative Kaja Kallas .
The Commissioner heads up the Directorate-General for Trade in defining the commercial policy of the EU, which has been exclusively under the EU's mandate since the Treaty of Rome in 1957. Due to the size of the European economy , being the world's largest market and having a huge slice of world trade, this position can be very important in ...
The Treaty on the European Union (2007) is one of the primary Treaties of the European Union, alongside the Treaty on the Functioning of the European Union (TFEU). The TEU forms the basis of EU law , by setting out general principles of the EU's purpose, the governance of its central institutions (such as the Commission, Parliament, and Council ...