Transatlantic Economic Council
- Transatlantic Economic Council
The Transatlantic Economic Council is a body set up between the United States and European Union to direct economic co-operation between the two economies.
It was established by an agreement signed on 2007-04-30 at the White House by US President George W. Bush, EU Council President Angela Merkel (also German Chancellor) and EU Commission President José Manuel Barroso.
The Council is co-chaired by an EU and US official. At the time of establishment these are: Allan Hubbard, director of the National Economic Council; and Guenter Verheugen, European Commissioner for Enterprise & Industry. It will meet at least once a year, called by the chairs.
The Council is tasked with helping to meet economic partnetship objectives and harmonize regulations (EU and US accounting standards should be mutually recognisable by 2009). Another priority would be a common answer to road safety and petrol conservation and for 2007-8 it will determine regulations for cosmetic testing (aiming to find alternatives for animal testing).
ee also
* Euro-American relations
* Transatlantic Free Trade Area
External links
* [http://www.whitehouse.gov/news/releases/2007/04/20070430-4.html Text of the agreement] , White House, 2007-04-30
* [http://www.wnd.com/news/article.asp?ARTICLE_ID=55584 Bush OKs 'integration' with European Union] , World Net Daily, 2007-05-08
* [http://rawstory.com/news/afp/EU_US_summit_to_set_up_transatlanti_04262007.html EU-US summit to set up transatlantic economic council] , The Raw Story, 2007-04-26
* [http://ec.europa.eu/enterprise/enterprise_policy/inter_rel/tec/index_en.htm Transatlantic Economic Council] , European Commission - Enterprise and Industry
* [http://press.ffii.org/Press_releases/McCreevy_wants_to_legalise_Software_Patents_via_a_US-EU_patent_treaty FFII: McCreevy wants to legalise Software Patents via a US-EU patent treaty]
Wikimedia Foundation.
2010.
Look at other dictionaries:
Transatlantic Economic Council — Das Transatlantic Economic Council (TEC) beziehungsweise der transatlantische Wirtschaftsrat ist ein Gremium, welches aus Vertretern der USA und der Europäischen Union besteht. Es soll wirtschaftliche Kooperationen zwischen diesen beiden… … Deutsch Wikipedia
Transatlantic relations — refers to the historic, cultural, political, economic and social relations between countries on both side of the Atlantic Ocean. Sometimes specifically those between the United States, Canada and the countries in Europe, although other meanings… … Wikipedia
Transatlantic Free Trade Area — The Transatlantic Free Trade Area (TAFTA) is a proposed free trade area between the United States and the European Union (and their related areas, see EFTA and NAFTA) in reaction to the growing economic power of the People s Republic of China. It … Wikipedia
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Council of Europe — Not to be confused with European Council or Council of the European Union. Council of Europe Conseil de l Europe … Wikipedia
European Central Bank — European Central Bank … Wikipedia
Manuel Pinho — Minister of Economy and Innovation In office 14 March 2005 – 2 July 2009 Preceded by Álvaro Barreto (economy) Graça Carvalho (innovation) … Wikipedia
Europe 2020 — is a 10 year strategy proposed by the European Commission on 3 March 2010 for reviving the economy of the European Union. It aims at smart, sustainable, inclusive growth with greater coordination of national and European policy.[1] It follows the … Wikipedia
Economy of the Netherlands — Currency Euro Fiscal year calendar year Trade organisations EU, WTO and OECD Statistics GDP … Wikipedia
List of European Commission portfolios — European Union This article is part of the series: Politics and government of the European Union … Wikipedia
