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Economy - india

In the context of bilateral trade negotiations between India and European Union, what is the difference between European Commission and European Council?
1. European Commission represents the EU in trade negotiations where as         European Council participates in the legislation of matters pertaining to          economic policies of the European Union.
2. European commission comprises the Heads of Sate or government of          member countries where as the European council comprises of the persons    nominated by European Parliament.
Which of the statements given above is/are correct ? 

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