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 ?
EUROPEAN UNITY FACES A host of problems, including the Maastricht debate, the decision of Switzerland not to join the European Economic Area (EEA), turmoil in the former Yugoslavia and the stalled Uruguay Round of General Agreement on Tariffs and Trade talks.
European Economic Area andNorwegian financial mechanisms funded programs management andcontrol system performance evaluation and project expenditure declared to the inspections to prepare the audit report and its conclusions regarding the management and control system and project expenditure declared for eligibility.
Perrigo, an Ireland-based pharmaceutical company, has completed the acquisition of a portfolio of OTC brands in the European Economic Area, Brazil and Australia, from GlaxoSmithKline.
A policy officer at the European Free Trade Association Secretariat in Brussels, Johanna investigates relations between Iceland and the European Union (EU) through the lens of the European Economic Area (EEA) Agreement.
The regulation is in accordance with the provisions of the European Economic Area and the Icelandic legislation.
The EC also determined that the deal will not harm effective competition in the European economic area and that a sufficient number of rivals will remain in those markets.
In a statement, the European Commission said, 'After examining the operation, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
An agreement was reached on 26 October between the European Commission and the member states of the European Economic Area (EU27 plus Norway, Iceland and Liechtenstein) to link their respective Emission Trading Schemes (ETSs), making it the first international agreement of its kind.
Reykjavik must comply as a European Economic Area member (EEA), and the surveillance authority has asked the EFTA Court to order Iceland to comply.
The European Commission has now cleared the deal and concluded "the operation would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it".
This is expected to result in a substantial reduction in the retail price of roaming services that allow customers to make and receive calls while travelling in the European Economic Area (EEA).
If travelling with the European Economic Area get an EHIC form from a Post Office and/or private medical insurance which is necessary for other destinations.

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