intergovernmental organisation set up for the promotion of free trade and economic integration between its members (non-EU European countries)
Hea teada
Intergovernmental organization established by the Treaty of Stockholm (4 January 1960). Participant nations: Norway, Switzerland, Iceland and Liechtenstein. Denmark, the United Kingdom, Portugal, Austria, Sweden and Finland, who also signed the establishing Treaty, left on accession to the Community. Bilateral agreements with the EEC and ECSC which established, on 1 January 1984, a free-trade area for industrial products (abolition of customs duties and all quantitative restrictions or measures having equivalent effect). 18 July 1990: decision of the EC to open negotiations with a view to concluding a closer association agreement with EFTA designed to establish a European Economic Area (q.v.).
Selle asutasid 3. mail 1960 alternatiiviks Euroopa Majandusühendusele riigid, kes viimasesse ei kuulunud. Tänaseks on sellesse organisatsiooni jäänud üksnes neli liiget – Island, Liechtenstein, Norra ja Šveits. EFTA-ga ühinemise vastu tunnevad huvi Fääri saared. [15.02.2017]
The Agreement on the European Economic Area provides for cooperation in the field of consumer protection between the Union and its Member States, on the one hand, and the countries of the European Free Trade Association participating in the European Economic Area, on the other.
