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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 European Union uses a range of legal instruments to implement policy, varied across two major decision-making processes co-decision and cooperation procedure. Green Paper [ edit ]
The Parliament, together with the Council, form the legislative arm of the EU. The council is composed of state governments, thus representing the intergovernmental nature of the EU. Laws are proposed by the European Commission which is appointed by and accountable to the Parliament and Council although it has very few executive powers.
The EU has seven principal decision-making bodies known as the Institutions of the European Union, while the adoption of laws and coordination of EU policies is the role of the Council of the European Union which currently meets in ten different configurations.
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 European Parliament is one of three legislative institutions of the EU, which together with the Council of the European Union is tasked with amending and approving the European Commission's proposals. 705 members of the European Parliament (MEPs) are directly elected by EU citizens every five years on the basis of proportional representation.
The High Representative, in conjunction with the President of the European Council, speaks on behalf of the EU in agreed foreign policy matters and can have the task of articulating ambiguous policy positions created by disagreements among member states. The Common Foreign and Security Policy requires unanimity among the 27 member states on the ...