Term:
TFEU
Explanation:
The Treaty on the Functioning of the European Union (TFEU) is, alongside the Treaty on European Union (TEU), one of the two founding treaties of the European Union. It lays down detailed provisions on the competences, organization, and functioning of the EU and its institutions. In particular, it regulates the specific implementation of the EU’s various policy areas, such as the internal market, the Economic and Monetary Union, and the common commercial policy. The Treaty on the Functioning of the European Union (TFEU) is one of the two founding treaties of the EU and sets out the detailed rules for the functioning of the European Union, as well as the competences and specific policy areas in which the EU operates. It essentially elaborates on the more general provisions of the Treaty on European Union (TEU), regulating, among other things, the internal market, fundamental freedoms, and the organization of EU institutions.
The official text of the TFEU is available on the European Union’s website.