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Mar 1, 2018 · A map of the European Free Trade Association's member nations. The European Free Trade Association, known simply as the EFTA, consists of four member nations: Norway, Switzerland, Liechtenstein, and Iceland. Together, these nations cover a combined area of 204,500 square miles and have a population size of approximately 13.58 million.
Apr 24, 2024 · trade. European Free Trade Association (EFTA), group of four countries— Iceland, Liechtenstein, Norway, and Switzerland —organized to remove barriers to trade in industrial goods among themselves, but with each nation maintaining its own commercial policy toward countries outside the group. Headquarters are in Geneva, Switzerland.
- The Editors of Encyclopaedia Britannica
The European Free Trade Association (EFTA) is . the intergovernmental organisation of Iceland, Liechtenstein, Norway and Switzerland, set up . for the promotion of free trade and economic cooperation between its members, within Europe and globally. The Association has responsibility for the management of: > The EFTA Convention, which regulates ...
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The basic form of economic cooperation is a preferential trade area or preferential trade agreement , if speaking of the instrument (PTA). It is a trading bloc or agreement that gives preferential access to certain of the participating countries ‘products. This is essentially done by reducing tariff s. These are, however, not abolished ...
- Georges Baur
- 2020
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What are the European Free Trade Association's member nations?
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When did EFTA become a free trade zone?
It covers the four freedoms, i.e. the free movement of goods, capital, services and persons, plus competition and state aid rules and horizontal areas related to the four freedoms (see point 4 for an overview of what is included in the EEA Agreement). The objective of the EEA Agreement is to create a homogenous European Economic Area.
On 24 March 2023, Member States of the European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland) and Moldova concluded the negotiations on a comprehensive Free Trade Agreement (FTA). Summary As an ambitious and broad-based Free Trade Agreement, the EFTA-Moldova Agreement
Apr 18, 2016 · Trade between the EU and three of the four EFTA states (the EEA EFTA states) is subject to the European Economic Area (EEA) Agreement, meaning these countries adopt EU legislation relevant to the Single Market. As the EU accounts for almost 70% of EFTA's total trade, EU rules and regulations play a major role in its trade relations.
