Draft Treaty establishing the European Union

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Part Four THE POLICIES OF THE UNION

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Article 54 Other forms of cooperation

Article 54 Other forms of cooperation

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1. Where Member States have taken the initiative to establish industrial cooperation structures outside the scope of this Treaty, the European Council may, if the common interest justifies it, decide to convert those forms of cooperation into a common action of the Union.

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2. In specific sectors subject to common action, laws may establish specialized European agencies and define those forms of supervision applicable thereto.

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