oboloo

oboloo Articles

What is TFEU? Definition

oboloo Articles

What is TFEU? Definition

What is TFEU? Definition

TFEU stands for Treaty on the Functioning of the European Union. It is an agreement between the member states of the European Union that sets out the rules for how the EU functions. The treaty was signed in 1957 by the six founding members of the EU: Belgium, France, West Germany, Italy, Luxembourg, and the Netherlands. The treaty has since been amended several times, most recently in 2009. TFEU is one of two primary treaties that make up EU law, the other being the Treaty on European Union (TEU). Together, these treaties form the basis of EU law and are binding on all member states.

What is TFEU?

TFEU is the Treaty on the Functioning of the European Union, which is an international agreement that establishes the legal basis for the operation of the EU. The treaty was signed in 2007 and came into force in 2009. It consolidates and builds upon the earlier treaties that established the European Community, including the Treaty of Maastricht which established the EU.

The TFEU sets out the institutional framework of the EU, including its bodies such as the European Parliament, the Council of Ministers, and the European Commission. It also defines their powers and responsibilities. The treaty also includes a number of provisions on economic policy, ranging from competition law to environmental protection.

One of the most significant changes introduced by the TFEU is the extension of qualified majority voting in decision-making within the Council of Ministers. This means that decisions can be taken without unanimity among member states, as long as a supermajority (55%) of member states representing at least 65% of EU citizens are in favor. This change has made it easier for decisions to be reached on contentious issues, and has helped to speed up decision-making within the EU.

The Different Types of TFEU

The TFEU is divided into seven parts, with each part covering a different aspect of European Union law. Part One of the TFEU covers the establishment and functioning of the EU institutions. Part Two of the TFEU sets out the EU’s values and principles, including the rule of law and respect for human rights. Part Three of the TFEU contains provisions on European Union citizenship.

Part Four of the TFEU covers freedom of movement for persons, goods, services, and capital within the EU. This part of the treaty also establishes the EU’s competition rules. Part Five of the TFEU deals with monetary union and economic and monetary policy.

Part Six of the TFEU covers common commercial policy, agriculture, fisheries, transport, environmental policy, energy policy, social policy, health policy, consumer protection, justice and home affairs. The final part of the treaty, Part Seven, contains miscellaneous provisions on institutional matters such as amendment procedure and language use within the EU.

Pros and Cons of TFEU

The Treaty on the Functioning of the European Union, or TFEU, is a binding agreement between all 28 member states of the European Union. The treaty sets out the rules for how the EU functions and makes decisions.

Pros:

1. The TFEU provides a clear legal framework for the operation of the EU.

2. The treaty helps to ensure that the EU is democratic and accountable to its citizens.

3. The TFEU promotes economic growth and competitiveness by ensuring free movement of goods, services, capital, and people within the EU.

4. The treaty protects the rights of EU citizens, including their right to free movement and equal treatment under EU law.

Cons:

1. Some have criticized the TFEU for being too complex and bureaucratic.

2. Some argue that the treaty gives too much power to unelected institutions, such as the European Commission and the European Court of Justice.

What are the benefits of TFEU?

There are many benefits to the Treaty on the Functioning of the European Union (TFEU), which is the primary treaty of the European Union. The TFEU provides a framework for EU member states to work together on common goals, while also ensuring that each member state retains its own sovereignty.

The TFEU has helped to promote peace and stability in Europe, as well as economic growth and prosperity. It has also helped to protect the rights of EU citizens, including their right to free movement within the EU. In addition, the TFEU has helped to improve environmental protection and consumer rights across Europe.

How does TFEU work?

The Treaty on the Functioning of the European Union (TFEU) is a primary law of the European Union, which sets out the structure and competences of the EU institutions, as well as defining the rules for conducting business within the EU.

The TFEU was first signed in 1957 and has been amended several times since then. The most recent amendments were made in 2009, with the Lisbon Treaty.

The TFEU is made up of two parts: the first part sets out the general principles of the EU; and the second part sets out specific provisions regarding institutional structures and policies.

The TFEU is divided into seven titles:

I. Principles
II. Institutions
III. Policies
IV. Finances
V. Area of Freedom, Security and Justice
VI. General and Final Provisions
VII. Amendment to the Treaty on European Union

Title I – Principles contains four chapters: Chapter 1 – Dignity, freedom, democracy, equality, rule of law and respect for human rights; Chapter 2 – Citizenship; Chapter 3 – Solidarity; and Chapter 4 – The Union’s values.

Title II – Institutions contains eight chapters: Chapter 1 – The European Parliament; Chapter 2 – The Council of Ministers; Chapter 3 – The Commission; Chapter 4 – The Court of Justice of the European Union; Chapter 5 – The Court of Auditors; Chapter 6 – Other Institutions and bodies;

Alternatives to TFEU

There are a few alternatives to the TFEU. One is the European Economic Area (EEA), which is comprised of the 28 EU member states, as well as Iceland, Liechtenstein, and Norway. The EEA allows for the free movement of goods, services, capital, and people between these countries. Another alternative is the European Free Trade Association (EFTA), which has four members: Iceland, Liechtenstein, Norway, and Switzerland. EFTA allows for the free movement of goods and services between its members, but does not have a common market or customs union.

Conclusion

The Treaty on the Functioning of the European Union, or TFEU, is one of two treaties that make up the EU’s legal framework. The other treaty is the Treaty on European Union, or TEU. Together, these treaties provide a comprehensive system of rules and regulations for member states to follow. The TFEU covers a wide range of topics, from economic policy to environmental protections. While some aspects of the TFEU are complex, its overall goal is to promote peace and prosperity among EU member states.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971