Eu – russia relations and wto hamburg 4 december 2017 european union and eurasian economic union comparison and opportunities for cooperation

EU Institutions 1

• European Council
• Political guidelines
• European Commission
• Initiator and Executive
• Council of Ministers
• Decision making power
• European Parliament
• Co-legislative and co-budgetary powers

EU Institutions 2

• Court of Justice
• Control application and interpretation EU law
• European Central Bank
• Conducts monetary policy of the Union
• Court of Auditors
• Carries out the Union’s audit

Decision making

• Joint decision making (co-decision: the ordinary legislative procedure)
• Initiative Commision
• (Provisional) Position Council of Ministers
• Qualified majority voting
• Amendments European Parliament
• Common agreement Council and European Parliament
• Special legislative procedures

EU Policies: Internal Market: Article 26(2) TFEU

• The internal market shall comprise an area without internal frontiers in which the free movement of goods, persons, services and capital is ensured in accordance with the provisions of the Treaties.

EU Policies: Customs Union: Article 28(1) TFEU

• The Union shall comprise a customs union which shall cover all trade in goods and which shall involve the prohibition between Member States of customs duties on imports and exports and of all charges having equivalent effect, and the adoption of a common customs tariff in their relations with third countries.

EU Common Commercial Policy: Article 206 TFEU

• By establishing a customs union …, the Union shall contribute, in the common interest, to the harmonious development of world trade, the progressive abolition of restrictions on international trade and on foreign direct investment, and the lowering of customs and other barriers.