As the Transatlantic Economic Council (TEC) prepares for its next meeting on 17 December 2010, it is time to inject new life into the institution, write AICGS Non-Resident Senior Fellow Dr. Stormy-Annika Mildner and Deborah Klein. In this new Transatlantic Perspectives essay written just in advance of the TEC’s meeting, the authors provide an overview of the current state of the transatlantic economic partnership, highlight the areas where trade is still impeded by barriers, and offer policy recommendations for maximizing the Council’s potential benefits.