TFEU stands for the Treaty on the Functioning of the European Union. It is one of the primary treaties that forms the constitutional basis of the European Union (EU). The TFEU replaced the original Treaty of Rome and was signed in 2007 as part of the Treaty of Lisbon, which aimed to streamline and enhance the functionality of the EU.
The TFEU outlines the principles, aims, and functioning of the EU. It establishes the legal framework for the EU's policies in various areas, including the internal market, competition, agriculture, employment, social policy, environment, and more. It sets out the powers and responsibilities of the EU institutions, such as the European Commission, European Parliament, and Council of the European Union.
Additionally, the TFEU covers areas of common EU policies, such as the free movement of goods, services, capital, and people within the EU member states. It aims to establish a single market and promote economic integration among the EU countries. The TFEU also sets rules and regulations concerning competition and state aid, ensuring fair competition and preventing monopolies.
Overall, the TFEU is a crucial treaty that governs the functioning and jurisdiction of the EU. It aims to foster cooperation, integration, and growth among the member states, and provides a legal foundation for the EU's policies and actions.
