Chiral dynamics in few–nucleon systems

We report on recent progress achieved in calculating various few–nucleon low–energy observables from effective field theory. Our discussion includes scattering and bound states in the 2N, 3N and 4N systems and isospin violating effects in the 2N system. We also establish a link between the nucleon–nucleon potential derived in chiral effective field theory and various modern high–precision potentials.