European Economic Area

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European Economic Area:

see European Free Trade AssociationEuropean Free Trade Association
(EFTA), customs union and trading bloc; its current members are Iceland, Liechtenstein, Norway, and Switzerland. EFTA was established in 1960 by Austria, Denmark, Great Britain, Norway, Portugal, Sweden, and Switzerland.
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; European UnionEuropean Union
(EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community (EC), an economic and political confederation of European nations, and other organizations (with the same member nations)
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References in periodicals archive ?
The Government seems to believe that leaving the EU equals leaving the EEA, but Article 127 of the EEA Agreement is clear: any country wishing to leave the EEA must give express notice of one year.
The EEA Council called for a close dialogue and continuous exchange of information between the EU and the EEA EFTA States on the negotiations between the EU and the UK under Article 50 of the Treaty on European Union regarding the withdrawal of the UK from the EU, and on the future relations between the EU and the UK, as the withdrawal will also affect the EEA Agreement.
The EEA Agreement eventually came into force on 1 January 1994 between the Community countries and Norway, Sweden, Finland, Iceland, and Austria.
While in the meantime most EFTA members left for the European Union or signed the EEA Agreement, the 1972 FTA continues to provide the main pillar in Swiss-EU relations after more than 40 years of existence.
The EFTA Surveillance Authority ensures that Iceland, Liechtenstein and Norway respect their obligations under the EEA Agreement.
Ministry of Foreign Affairs v / Unit for EEA Translation needs to enter into agreements with external suppliers that can assist with the following: - Translation from English to Norwegian (Bokml or Nynorsk) of EU legal acts to be incorporated into the EEA Agreement.
It is impossible to gauge the extent to which the terms of any EU/UK trading agreement might require the UK to comply with the principles or letter of EU law, but it is difficult to conceive of the UK having access to the single market without being bound by almost all EU law, as is Norway for instance through the EEA Agreement.
Iceland's trade policy rests on three pillars: The EEA Agreement, WTO membership and trade agreements in the broadest sense.
This agreement results from the EEA agreement, which provides for regular reviews of conditions of trade in agricultural products in view of progressive liberalisation.
ESA said that it agreed that the Norwegian government's aims were laudable but that in its view the government had not shown that its gaming policy is systematic and consistent enough to justify restrictions of the basic freedoms provided for by the EEA Agreement.
The procedure is consistent with the obligation on the EEA Joint Committee to integrate all Community legislation relevant to the EEA Agreement as soon as possible after its adoption, in order to ensure the necessary security and legal homogeneity.
The European Commission has tabled a proposal for a Decision before the European Union/European Economic Area (EEA) Joint Committee with a view to amending Annexes II (technical regulations, standards, trials and certification) and XX (Environment) of the EEA Agreement, in order to integrate the recently-adopted acquis communautaire on fuel quality.