Transatlantic Economic Council

Currently, they are US Deputy National Security Advisor for International Economics Daleep Singh[1] and European Commissioner for Trade Valdis Dombrovskis.

The Council is tasked with helping to meet economic partnership objectives and harmonize regulations.

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.