The European Free Trade Association (EFTA) is an regional organization
created for the promotion of free trade and economic integration
of his member economies: Iceland, Liechtenstein, Norway and
European Free Trade Association countries - Iceland, Liechtenstein, Norway and
Switzerland- are small but world leaders in several sectors.
- Liechtenstein and Switzerland are important
financial centers and have
- Iceland and Norway are leaders in fish production, metal industry and
The European Economic Area (EEA) is formed by the 27 European Union member
economies and the 3 EEA
- EFTA States (Iceland, Liechtenstein and Norway) into an Internal Market
lead by the same rules and regulations, with the objective to enable
International trade of products and services, capital, and persons to move freely in the
European Economic Area (EEA).
A substantial part of the European Economic Area (EEA) Agreement concerns the free movement of export products.
The main principle is that export
products may be traded
between all 30 European Economic Area (EEA) Member States without customs duties or
The European Economic Area (EEA) Agreement grants the freedom to provide services anywhere in the European Economic Area.
Switzerland has signed bilateral trade agreements with the European Union.
Example of the course European Free Trade Association (EFTA):
|European Free Trade Association (EFTA) network of Free trade agreements (FTA) secures
economic operators preferential access to international markets:
- the Arab Republic of Egypt
- Cooperation Council for the Arab
States of the Gulf (GCC)
- Korea, Republic of
- United Mexican States
- Palestinian Authority
- Southern African Customs Union (SACU)
- Bosnia and Herzegovina
- Hong Kong,
People's Republic of China
- Russia, Belarus and
European Free Trade Association (EFTA) has Joint Declarations on Cooperation with the following partners:
- Southern Common Market (MERCOSUR)
SOURCE: European Free Trade Association (EFTA) Secretariat.