EFTA


Also found in: Dictionary, Legal, Financial, Acronyms, Wikipedia.

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.
..... Click the link for more information.
.

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 ?
While there's a large potential to expand our trade and investment relations with EFTA, the FTA also capitalizes on it since trade goods between the Philippines and EFTA are non-competing," said Lopez.
EFTA has had to adapt to an evolving external economic environment and the challenges and opportunities that have been created by a rapidly globalising world.
EFTA has mirrored the EU's efforts in this area and now has 26 free trade agreements covering 36 countries.
The declaration is to be concluded keeping in view a possible signing of such declaration at the following EFTA Ministerial meeting on 26 November, 2012 in Geneva.
An EFTA press statement sent to Arab News said that the EFTA ministers "welcomed the addition of the FTA with the GCC to the expanding EFTA network of preferential trade relations.
The Singapore-EFTA pact was first proposed at an EFTA ministerial meeting in December 2000.
Under the EFTA, the Board has a broad mandate to determine coverage when electronic services are offered by entities other than traditional financial institutions.
By contrast, EFTA as a grouping accepted only intergovernmental cooperation.
First, EFTA and the EEC are two very unequal partners: EFTA consists of six small states, while the EEC consists of twice as many member states.
In its accompanying white paper, "Debit and Stored Value Cards for Government: A Growing Trend, but States Could Do More," EFTA outlines areas of potential growth for prepaid debit cards, as well as the organizational, technical and regulatory barriers to adoption.
647, said the measure concurs with the ratification of the FTA between the Philippines and the EFTA states.