What is the Treaty on the Functioning of the European Union (TFEU)?
The Treaty on the Functioning of the European Union (TFEU) is one of the primary treaties governing the European Union (EU). It lays out the framework for the functioning of the EU and delineates the scope of its competencies, including those related to business and the internal market. Originally signed in 1957 as the Treaty of Rome, it has undergone several amendments, with the most recent being the Treaty of Lisbon in 2009.