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 whereas European Council participates in the legislation of matters pertaining to economic policies of the European Union.
• 2. European Commission comprises the Heads of State or government of member countries whereas the European Council comprises of the persons nominated by European Parliament.

Which of the statements given above is/are correct ?