What is the EEA EFTA area?
Information about the three EEA EFTA States: Iceland, Liechtenstein and Norway. The 27 EU Member States, together with the three EFTA States Iceland, Liechtenstein and Norway, make up the EEA Contracting Parties (the 30 EEA States).
Which countries are part of the European Economic Area EEA?
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.
Which four countries are part of the EFTA but not full members of the EU?
The 4 EFTA countries
- Iceland.
- Liechtenstein.
- Norway.
- Switzerland.
What is the difference between EEA and EFTA?
The EEA Agreement specifies that membership is open to member states either of the EU or of the EFTA. EFTA states that are party to the EEA Agreement participate in the EU’s internal market without being members of the EU or the European Union Customs Union.
What does EFTA stand for?
European Free Trade Association
The 4 EFTA countries EFTA stands for European Free Trade Association. It is a regional trade organisation and a free trade area between each of the Member States. It has 4 Member States: Iceland. Liechtenstein.
Who are EU EFTA citizens?
Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and Switzerland.
What is an EFTA member state?
The EFTA Member States are Iceland, Liechtenstein, Norway and Switzerland. The four EFTA States are competitive in several sectors vital to the global economy and score among the highest in the world in competitiveness, wealth creation per inhabitant, life expectancy and quality of life.
Is Switzerland in the EFTA?
The European Economic Area (EEA) was set up in 1994 to extend the EU’s provisions on its internal market to the European Free Trade Area (EFTA) countries. Norway, Iceland and Liechtenstein are parties to the EEA. Switzerland is a member of EFTA but does not take part in the EEA.
Is EFTA poor or rich?
A relatively quick recovery The four countries which make up the European Free Trade Association (EFTA) are among the wealthiest in the world. Liechtenstein has a strong banking sector and successful companies in machinery and the construction business.
What are the benefits of EFTA?
In the EFTA States, openness to trade and access to international markets is the basis for economic growth and general welfare. EFTA States also apply and actively promote high standards for sustainable development and inclusiveness in their trade policies and their respective foreign policy.
Is EFTA in the single market?
The organization operates in parallel with the European Union (EU), and all four member states participate in the European Single Market and are part of the Schengen Area.
What are EFTA citizens?
EFTA member states’ citizens enjoy freedom of movement in each other’s territories in accordance with the EFTA convention. EFTA nationals also enjoy freedom of movement in the European Union (EU).
