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The European Free Trade Association (EFTA)

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Master International Business


 

Learning unit: The European Free Trade Association (EFTA). Syllabus:

- Introduction to the European Free Trade Association (EFTA)
- Economic profile of the EFTA States.
- European Economic Area (EEA).
- Free Movement of Goods and Services.
- International Relations. Free Trade Agreements: Singapore, India, Canada, Korea, Chile, Mexico, Colombia, GCC, Jordan ...

M Free Trade Agreements (FTAs) of EFTA

FTA Singapore - EFTA States

- EFTA Singapore Free Trade Agreement (FTA).
- Trade in Goods, Services and Investment.
- Rules of Origin.
- Commercial relations between Singapore and EFTA states.

India - EFTA

- India European Free Trade Association (EFTA) Negotiations on broad-based Bilateral Trade and Investment Agreement.
- Economic relations between India and EFTA countries.

EFTA - Canada FTA

- Canada - EFTA States Free Trade Agreement (FTA).
- Trade relations between Canada and EFTA States.

EFTA - Chile FTA

- Chile - EFTA Free Trade Agreement (FTA).
- Advantages of the FTA. Rules of origin.
- Trade in Goods between Chile and EFTA States.

FTA Mexico - EFTA

- EFTA States - Mexico Free Trade Agreement (FTA).
- Trade in goods and services. Advantages for exporters.
- Trade relations between Mexico and EFTA States (Norway, Iceland, Switzerland and Liechtenstein).

FTA Colombia - EFTA

- European Free Trade Association (EFTA) - Colombia Free Trade Agreement.
- Benefits of the FTA.
- Trade relations between EFTA States (Iceland, Liechtenstein, Norway and Switzerland) and Colombia.

FTA with the Gulf Cooperation Council (GCC)


M Course learning materials: En

M Related International Trade Courses and Masters: Master International Business.
Spanish: Comercio Exterior Europa

M Educational level: Continuing education / Executive education programs.

 
Examples:


Course summary The European Free Trade Association (EFTA):

Economic profile of the EFTA States. European Economic Area. Free Movement of Goods and Services.

The European Free Trade Association (EFTA) is an intergovernmental organization set up for the promotion of free trade and economic integration to the benefit of its four Member States: Iceland, Liechtenstein, Norway and Switzerland.

Norway, Iceland (from 1994) and Liechtenstein (from 1995) are also parties to the European Economic Area (EEA) Agreement with the European Union, while Switzerland has signed a set of bilateral agreements with the EU. Although the four EFTA countries are small, they are world leaders in several sectors vital to the global economy. The two EFTA Alpine countries – Liechtenstein and Switzerland – are internationally renowned financial centers and hosts to major companies and multinationals. The two EFTA Nordic countries – Iceland and Norway – stand out in fish production, the metal industry and maritime transport.

The European Economic Area (EEA) unites the 27 EU Member States and the three EEA EFTA States (Iceland, Liechtenstein and Norway) into an Internal Market governed by the same basic rules. These rules aim to enable goods, services, capital, and persons to move freely about the EEA in an open and competitive environment, a concept referred to as the four freedoms.

A substantial part of the EEA Agreement concerns the free movement of goods. The main principle emanating from the Agreement is that products may be traded between all 30 EEA Member States without customs duties or hindrance from national regulations.

The EEA Agreement guarantees the freedom to provide services on a non-discriminatory basis anywhere in the European Economic Area.

EFTA's network of free trade agreements (FTAs) secures economic operators preferential access to markets currently of around 440 million consumers outside the European Union. Currently, the EFTA States have 22 free trade agreements (covering 31 countries) with the following partners:
- Albania
- Canada
- Chile
- Colombia
- Croatia
- Egypt
- Gulf Cooperation Council (GCC)
- Israel
- Jordan
- Korea, Republic of
- Lebanon
- Macedonia
- Mexico
- Morocco
- Palestinian Authority
- Peru
- Serbia
- Singapore
- Southern African Customs Union (SACU)
- Tunisia
- Turkey
- Ukraine

The EFTA States are currently engaged in negotiations on free trade agreements with the following partners (processes up to the signing of the FTA):
- Algeria
- Bosnia and Herzegovina
- Hong Kong, China
- India
- Indonesia
- Montenegro
- Russia, Belarus and Kazakhstan
- Thailand

EFTA has Joint Declarations on Cooperation with the following partners:
- Malaysia
- Mauritius
- Mercosur
- Mongolia
- Montenegro
- Panama

SOURCE: EFTA Secretariat. Topic: Globalization and regionalization


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