EFTA


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EFTA:

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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EFTA

European Free Trade Association; established in 1960 to eliminate trade tariffs on industrial products; now comprises Norway, Switzerland, Iceland, and Liechtenstein. Free trade was established between EFTA and the EC (now EU) in 1984. In 1994 EFTA (excluding Switzerland) and the EU together created the European Economic Area (EEA)
www.efta.int
References in periodicals archive ?
This deal is an initiative toward a free trade agreement (FTA) with the four-member EFTA,a s per the Trade officials.
Recognising that better outcomes can be achieved by joining forces, the EFTA States have used EFTA as a platform for pursuing free trade agreements (FTAs).
EFTA as a trade partnerWith a combined population of around 13 million, the EFTA States are the world's 11th largest merchandise trader, as well as significant actors in the areas of trade in services and foreign direct investment.
Ukraine mostly exports inorganic chemicals to the EFTA countries.
Both sides have agreed that a recommendation to conclude a Joint Declaration on Cooperation between EFTA states and Pakistan will be submitted to EFTA Ministers at their next meeting on 28th June 2012, in view of a possible signing of such declaration at the following EFTA Ministerial meeting on 26th November, 2012 in Geneva.
Both the sides, exchanged information on the economic situation in their countries and discussed trade and investment flows between EFTA and Pakistan and their respective approaches to their preferential trade relations with third counties.
The Jordan Chamber of Industry will organize on Thursday a workshop in cooperation with the Jordan Chamber of Commerce on the sidelines of the meetings to shed more light on the free trade agreement between Jordan and EFTA and review the possibility for Jordanian products to enter EFTA markets.
The FTA was signed on the sidelines of the EFTA ministerial meeting.
The Singapore-EFTA pact was first proposed at an EFTA ministerial meeting in December 2000.
We have the authority under the EFTA to adopt additional disclosures but must weigh the value of additional consumer protection against the additional compliance costs that would be imposed.
EFTA members are drawn from all segments of the financial industry and include bankcard associations, financial institutions, ATM networks and owners, equipment manufacturers and technology companies.
The economies of the EFTA countries are open, and trade accounts for a significant part of their economic performance.