European Free Trade Association

Regional trade organization and free trade area

Not to be confused with European Economic Area.

"EFTA" redirects here. For other uses, see EFTA (disambiguation).

European Free Trade Association

Native names:

* Europäische Freihandelsassoziation (German)
* Fríverslunarsamtök Evrópu (Icelandic)
* Association européenne de libre-échange (French)
* Associazione europea di libero scambio (Italian)
* Det europeiske frihandelsforbund (Bokmål)
* Det europeiske frihandelsforbundet (Nynorsk)
* Associaziun europeica da commerzi liber (Romansh)
* Eurohppá friddjagávpelihttu (Northern Sami)[1]

Logo

Location of the EFTA

{{{1}}}

(green)

in Europe (green & dark grey)

Secretariat| Geneva
Brussels
Luxembourg City
46°57′N 7°27′E﻿ / ﻿46.950°N 7.450°E﻿ / 46.950; 7.450
Largest city| Oslo
59°56′N 10°41′E﻿ / ﻿59.933°N 10.683°E﻿ / 59.933; 10.683
Official working
language| English
Official languages
of member states|

7 languages

* French
* German
* Icelandic
* Italian
* Norwegian
* Romansh
* Sámi

Type| Regional organization, Free-trade area
Member states|

* Iceland
* Liechtenstein
* Norway
* Switzerland

Leaders

• Secretary General

| Kurt Jäger

• Council Chair

| Iceland[2]
Establishment

• Convention signed

| 4 January 1960

• Established

| 3 May 1960
Area

• Total

| 529,600 km2 (204,500 sq mi)
Population

• 2020 estimate

| 14,400,000[3]

• Density

| 26.5/km2 (68.6/sq mi)
GDP (PPP)| 2020 estimate

• Total

| $1.0 trillion[3]

• Per capita

| $70,000
GDP (nominal)| 2020 estimate

• Total

| $1.1 trillion[3]

• Per capita

| $79,000
Currency|

* Króna (ISK)
* Krone (NOK)
* Franc (CHF)

Time zone|

* WET (UTC)
* CET (UTC+1)

• Summer (DST)

| UTC+2 (CEST)
| Note: Iceland observes WET all year, while Liechtenstein, Norway and Switzerland observe CET and CEST.

Website
efta.int

The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four European states: Iceland, Liechtenstein, Norway and Switzerland.[4] 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.[5] They are not, however, party to the European Union Customs Union.

EFTA was historically one of the two dominant western European trade blocs, but is now much smaller and closely associated with its historical competitor, the European Union. It was established on 3 May 1960 to serve as an alternative trade bloc for those European states that were unable or unwilling to join the then European Economic Community (EEC), the main predecessor of the EU. The Stockholm Convention (1960), to establish the EFTA, was signed on 4 January 1960 in the Swedish capital by seven countries (known as the "Outer Seven": Austria, Denmark, Norway, Portugal, Sweden, Switzerland and the United Kingdom).[6] A revised Convention, the Vaduz Convention, was signed on 21 June 2001 and entered into force on 1 June 2002.[7][8]

After 1995 only two founding members remained, namely Norway and Switzerland. The other five, Austria, Denmark, Portugal, Sweden and the United Kingdom, had joined the EU at some point in the intervening years. The initial Stockholm Convention was superseded by the Vaduz Convention, which aimed to provide a successful framework for continuing the expansion and liberalization of trade, both among the organization's member states and with the rest of the world.

While the EFTA is not a customs union and member states have full rights to enter into bilateral third-country trade arrangements, it does have a coordinated trade policy.[4] As a result, its member states have jointly concluded free trade agreements with the EU and a number of other countries.[4] To participate in the EU's single market, Iceland, Liechtenstein, and Norway are parties to the Agreement on a European Economic Area (EEA), with compliances regulated by the EFTA Surveillance Authority and the EFTA Court. Switzerland has a set of multilateral agreements with the EU and its member states instead.[dubious - discuss]

## Membership

[edit]

### History

[edit]

EFTA member states

Former members, which left to join the EU

Rest of EU member states

On 12 January 1960, the Convention establishing the European Free Trade Association was initiated in the Golden Hall of the Stockholm City Hall.[9] This established the progressive elimination of customs duties on industrial products, but did not affect agricultural or fisheries products.

The main difference between the early EEC and the EFTA was that the latter did not operate common external customs tariffs unlike the former: each EFTA member was free to establish its individual customs duties against, or its individual free trade agreements with, non-EFTA countries.

The founding members of the EFTA were: Austria, Denmark, Norway, Portugal, Sweden, Switzerland and the United Kingdom. During the 1960s, these countries were often referred to as the "Outer Seven", as opposed to the Inner Six of the then European Economic Community (EEC).[10]

Finland became an associate member in 1961 and a full member in 1986, and Iceland joined in 1970. The United Kingdom and Denmark joined the EEC in 1973 and hence ceased to be EFTA members. Portugal also left EFTA for the European Community in 1986. Liechtenstein joined the EFTA in 1991 (previously its interests had been represented by Switzerland). Austria, Sweden, and Finland joined the EU in 1995 and thus ceased to be EFTA members.

Twice, in 1972 and in 1994, the Norwegian government had tried to join the EU (still the EEC, in 1973) and by doing so, leave the EFTA. However, both the times, the membership of the EU was rejected in national referendums, keeping Norway in the EFTA. Iceland applied for EU membership in 2009 due to the 2008–2011 Icelandic financial crisis, but has since dropped its bid.[11]

### Current members

[edit]

EFTA House in Brussels, 2022 Contracting party  | Accession  | Population[12][13]
(2021)  | Area (km2) | Capital  | GDP in millions (PPP)[note 1] | GDP per capita (PPP)[note 1]

|
|
|
|
|
|

Iceland | 1 January 1970 | 370,335  | 103,000 | Reykjavík | 12,831[14] | 39,223[14]
Liechtenstein | 1 September 1991 | 39,039  | 160.4 | Vaduz | 3,545[note 2] | 98,432[note 2]
Norway | 3 May 1960 | 5,403,021  | 385,155 | Oslo | 265,911[15] | 53,470[15]
Switzerland | 3 May 1960 | 8,691,406  | 41,285 | Bern | 363,421[16] | 45,417[16]

### Former members

[edit]

Finnish post stamp about the trade union concluded between Finland and EFTA, or the so-called FINEFTA agreement State  | Accession  | Left EFTA  | Joined EEC/EU

|
|
|

Austria | 3 May 1960 | 31 December 1994 | 1 January 1995
Denmark | 3 May 1960 | 31 December 1972 | 1 January 1973
Finland | 1 January 1986 | 31 December 1994 | 1 January 1995
Portugal | 3 May 1960 | 31 December 1985 | 1 January 1986
Sweden | 3 May 1960 | 31 December 1994 | 1 January 1995
United Kingdom | 3 May 1960 | 31 December 1972 | 1 January 1973 (withdrew 31 January 2020)

### Other negotiations

[edit]

Members of the European Union (blue) and
EFTA (green)

Between 1994 and 2011, EFTA memberships for Andorra, San Marino, Monaco, the Isle of Man, Turkey, Israel, Morocco, and other European Neighbourhood Policy partners were discussed.[17]

#### Andorra, Monaco, and San Marino

[edit]

In November 2012, after the Council of the European Union had called for an evaluation of the EU's relations with Andorra, Monaco, and San Marino, which they described as "fragmented",[18] the European Commission published a report outlining the options for their further integration into the EU.[19] Unlike Liechtenstein, which is a member of the EEA via the EFTA and the Schengen Agreement, relations with these three states are based on a collection of agreements covering specific issues. The report examined four alternatives to the current situation:

1. A Sectoral Approach with separate agreements with each state covering an entire policy area.
2. A comprehensive, multilateral Framework Association Agreement (FAA) with the three states.
3. EEA membership, and
4. EU membership.

However, the Commission argued that the sectoral approach did not address the major issues and was still needlessly complicated, while EU membership was dismissed in the near future because "the EU institutions are currently not adapted to the accession of such small-sized countries". The remaining options, EEA membership and a FAA with the states, were found to be viable and were recommended by the commission. In response, the Council requested that negotiations with the three microstates on further integration continue, and that a report be prepared by the end of 2013 detailing the implications of the two viable alternatives and recommendations on how to proceed.[20]

As EEA membership is currently only open to EFTA or EU member states, the consent of existing EFTA member states is required for the microstates to join the EEA without becoming members of the EU. In 2011, Jonas Gahr Støre, then Foreign Minister of Norway which is an EFTA member state, said that EFTA/EEA membership for the microstates was not the appropriate mechanism for their integration into the internal market due to their different requirements from those of larger countries such as Norway, and suggested that a simplified association would be better suited for them.[21] Espen Barth Eide, Støre's successor, responded to the commission's report in late 2012 by questioning whether the microstates have sufficient administrative capabilities to meet the obligations of EEA membership. However, he stated that Norway would be open to the possibility of EFTA membership for the microstates if they decided to submit an application, and that the country had not made a final decision on the matter.[22][23][24][25] Pascal Schafhauser, the Counsellor of the Liechtenstein Mission to the EU, said that Liechtenstein, another EFTA member state, was willing to discuss EEA membership for the microstates provided their joining did not impede the functioning of the organization. However, he suggested that the option of direct membership in the EEA for the microstates, outside of both the EFTA and the EU, should be considered.[24] On 18 November 2013, the EU Commission concluded that "the participation of the small-sized countries in the EEA is not judged to be a viable option at present due to the political and institutional reasons", and that Association Agreements were a more feasible mechanism to integrate the microstates into the internal market.[26]

#### Norway

[edit]

The Norwegian electorate had rejected treaties of accession to the EU in two referendums. At the time of the first referendum in 1972, their neighbour, Denmark joined. Since the second referendum in 1994, two other Nordic neighbours, Sweden and Finland, have joined the EU. The last two governments of Norway have not advanced the question, as they have both been coalition governments consisting of proponents and opponents of EU membership.

#### Switzerland

[edit]

Since Switzerland rejected the EEA membership in a referendum in 1992, more referendums on EU membership have been initiated, the last time being in 2001. These were all rejected. Switzerland has been in a customs union with fellow EFTA member state and neighbour Liechtenstein since 1924.

#### Iceland

[edit]

See also: Accession of Iceland to the European Union

On 16 July 2009, the government of Iceland formally applied for EU membership,[27] but the negotiation process was suspended in mid-2013, and in 2015 the foreign ministers wrote to withdraw its application.

#### Faroe Islands (Kingdom of Denmark)

[edit]

Denmark was a founding member of EFTA in 1960, but its membership ended in 1973, when it joined the European Communities. The autonomous territories of the Kingdom of Denmark were covered by Denmark's EFTA membership: Greenland from 1961 and the Faroe Islands from 1968.[28] In mid-2005, representatives of the Faroe Islands raised the possibility of their territory re-joining the EFTA.[29] Because Article 56 of the EFTA Convention only allows sovereign states to become members of the EFTA,[8] the Faroes considered the possibility that the "Kingdom of Denmark in respect of the Faroes" could join the EFTA on their behalf. The Danish Government has stated that this mechanism would not allow the Faroes to become a member of the EEA because Denmark was already a party to the EEA Agreement.[30]

The Faroes already have an extensive bilateral free trade agreement with Iceland, known as the Hoyvík Agreement.[31]

#### United Kingdom

[edit]

See also: Brexit negotiations

The United Kingdom was a co-founder of EFTA in 1960, but ceased to be a member upon joining the European Economic Community. The country held a referendum in 2016 on withdrawing from the EU (popularly referred to as "Brexit"), resulting in a 51.9% vote in favour of withdrawing. A 2013 research paper presented to the Parliament of the United Kingdom proposed a number of alternatives to EU membership which would continue to allow it access to the EU's internal market, including continuing EEA membership as an EFTA member state, or the Swiss model of a number of bilateral treaties covering the provisions of the single market.[32]

In the first meeting since the Brexit vote, EFTA reacted by saying both that they were open to a UK return, and that Britain has many issues to work through. The president of Switzerland Johann Schneider-Ammann stated that its return would strengthen the association.[33] However, in August 2016 the Norwegian Government expressed reservations. Norway's European affairs minister, Elisabeth Vik Aspaker, told the Aftenposten newspaper: "It's not certain that it would be a good idea to let a big country into this organization. It would shift the balance, which is not necessarily in Norway's interests."[34]

In late 2016, the Scottish First Minister said that her priority was to keep the whole of the UK in the European single market but that taking Scotland alone into the EEA was an option being "looked at".[35] However, other EFTA states have stated that only sovereign states are eligible for membership, so it could only join if it became independent from the UK,[36] unless the solution scouted for the Faroes in 2005 were to be adopted (see above).

In early 2018, British MPs Antoinette Sandbach, Stephen Kinnock and Stephen Hammond called for the UK to rejoin EFTA.[37]

## Relationship with the European Union: the European Economic Area

[edit]

Main article: European Economic Area

See also: Iceland–European Union relations, Liechtenstein–European Union relations, Norway–European Union relations, and Switzerland–European Union relations

In 1992, the EU, its member states, and the EFTA member states signed the Agreement on the European Economic Area in Porto, Portugal. However, the proposal that Switzerland ratify its participation was rejected by referendum. (Nevertheless, Switzerland has multiple bilateral treaties with the EU that allow it to participate in the European Single Market, the Schengen Agreement and other programmes). Thus, except for Switzerland, the EFTA members are also members of the European Economic Area (EEA). The EEA comprises three member states of the European Free Trade Association (EFTA) and 27 member states of the European Union (EU), including Croatia which the agreement is provisionally applied to, pending its ratification by all contracting parties.[38][39] It was established on 1 January 1994 following an agreement with the European Economic Community (which had become the European Community two months earlier).[40] It allows the EFTA-EEA states to participate in the EU's Internal Market without being members of the EU. They adopt almost all EU legislation related to the single market, except laws on agriculture and fisheries. However, they also contribute to and influence the formation of new EEA relevant policies and legislation at an early stage as part of a formal decision-shaping process[citation needed]. One EFTA member, Switzerland, has not joined the EEA but has a series of bilateral agreements, including a free trade agreement, with the EU.

The following table summarises the various components of EU laws applied in the EFTA countries and their sovereign territories. Some territories of EU member states also have a special status in regard to EU laws applied as is the case with some European microstates.

EFTA member states and territories  | Application of EU law | EURATOM | European Defence Agency | Schengen area | EU VAT area | EU Customs Union | EU single market | Eurozone

|
|
|
|
|
|
|
|

Iceland | Partial  | No  | No  | Yes  | No  | No  | With exemptions, in EEA[41] | No, ISK
Liechtenstein | Partial  | No  | No  | Yes  | No, Swiss–Liechtenstein VAT area  | No, Swiss–Liechtenstein customs territory  | With exemptions, in EEA[41] | No, CHF
Norway, except:  | Partial  | No  | Participating non‑member state[citation needed] | Yes  | No  | No  | With exemptions, in EEA[41] | No, NOK
|  Jan Mayen | Partial  | No  | Participating  | Yes[42] | No, VAT free[43] | No  | With exemptions, in EEA[41] | No, NOK
|  Svalbard | No  | No  | Demilitarised | No[44] | No, VAT free[43] | No  | No[41][45][46] | No, NOK
|  Bouvet Island | No[citation needed] | No  | Participating  | No  | No  | No  | No  | No, NOK
|  Peter I Island | No[citation needed] | No  | Demilitarised | No  | No  | No  | No  | No, NOK
|  Queen Maud Land | No[citation needed] | No  | Demilitarised | No  | No  | No  | No  | No, NOK
Switzerland, except:  | Partial  | Participating associated state[47] | No  | Yes  | No, Swiss–Liechtenstein VAT area  | No, Swiss–Liechtenstein customs territory  | With exemptions, sectoral agreements[note 3] | No, CHF
|  Samnaun | Partial  | Participating with Switzerland[47] | No  | Yes  | No, VAT free  | No, Swiss–Liechtenstein customs territory  | With exemptions, sectoral agreements[note 3] | No, CHF

An Euler diagram showing the relationships between various multinational European organisations and agreements

* v
* t
* e

### EEA institutions

[edit]

A Joint Committee consisting of the EEA-EFTA States plus the European Commission (representing the EU) has the function of extending relevant EU law to the non-EU members. An EEA Council meets twice yearly to govern the overall relationship between the EEA members.

Rather than setting up pan-EEA institutions, the activities of the EEA are regulated by the EFTA Surveillance Authority and the EFTA Court. The EFTA Surveillance Authority and the EFTA Court regulate the activities of the EFTA members in respect of their obligations in the European Economic Area (EEA). Since Switzerland is not an EEA member, it does not participate in these institutions.

The EFTA Surveillance Authority performs a role for EFTA members that is equivalent to that of the European Commission for the EU, as "guardian of the treaties" and the EFTA Court performs the European Court of Justice-equivalent role.

The original plan for the EEA lacked the EFTA Court: the European Court of Justice was to exercise those roles. However, during the negotiations for the EEA agreement, the European Court of Justice ruled by the Opinion 1/91 that it would be a violation of the treaties to give to the EU institutions these powers with respect to non-EU member states.[48] Therefore, the current arrangement was developed instead.

### EEA and Norway Grants

[edit]

The EEA and Norway Grants are the financial contributions of Iceland, Liechtenstein and Norway to reduce social and economic disparities in Europe. They were established in conjunction with the 2004 enlargement of the European Economic Area (EEA), which brought together the EU, Iceland, Liechtenstein and Norway in the Internal Market. In the period from 2004 to 2009, €1.3 billion of project funding was made available for project funding in the 15 beneficiary states in Central and Southern Europe. The EEA and Norway Grants are administered by the Financial Mechanism Office, which is affiliated to the EFTA Secretariat in Brussels.

## International conventions

[edit]

EFTA also originated the Hallmarking Convention and the Pharmaceutical Inspection Convention, both of which are open to non-EFTA states.

## International trade relations

[edit]

Map of free trade agreements between EFTA and other countries

EFTA

Free trade agreement

Ongoing free trade negotiation

European Economic Area

Declaration on cooperation or dialogue on closer trade relations

EFTA has 29 free trade agreements with non-EU countries as well as declarations on cooperation and joint workgroups to improve trade. Currently, the EFTA States have established preferential trade relations with 40 states and territories, in addition to the 27 member states of the European Union.[49]

EFTA's interactive Free Trade Map gives an overview of the partners worldwide.[50]

### Free trade agreements

[edit]

Nation (s)  | No of nations
represented  | Signed  | Effective  | Coverage  | Ref.

|
|
|
|
|

Albania | 1  | 17 December 2009  | 1 November 2010  | Goods  | [51]
Bosnia and Herzegovina | 1  | 24 June 2013  | 1 January 2015  | Goods  | [52]
Canada | 1  | 26 January 2008  | 1 July 2009  | Goods  | [53]
Central America
Costa Rica
Guatemala
Honduras
Panama | 4  | 24 June 2013  | 19 August 2014  | Goods & Services  | [54]
Chile | 1  | 26 June 2003  | 1 December 2004  | Goods & Services  | [55]
Colombia | 1  | 25 November 2008  | 1 July 2011  | Goods & Services  | [56]
Ecuador | 1  | 25 June 2018  | 1 November 2020  | Goods & Services  | [57]
Egypt | 1  | 27 January 2007  | 1 August 2007  | Goods  | [58]
Georgia | 1  | 27 June 2016  | 1 September 2017  | Goods & Services  | [59]
Gulf Cooperation Council
Bahrain
Kuwait
Oman
Qatar
Saudi Arabia
United Arab Emirates | 6  | 22 June 2009  | 1 July 2014  | Goods & Services  | [60]
Hong Kong | 1  | 21 June 2011  | 1 October 2012  | Goods & Services  | [61]
Indonesia | 1  | 16 December 2018  | 1 November 2021  | Goods & Services  | [62]
Israel | 1  | 17 September 1992  | 1 January 1993  | Goods  | [63]
Jordan | 1  | 21 June 2001  | 1 September 2002  | Goods  | [64]
Lebanon | 1  | 24 June 2004  | 1 July 2007  | Goods  | [65]
Mexico | 1  | 27 November 2000  | 1 July 2001  | Goods  | [66]
Moldova | 1  | 27 June 2023  | 1 September 2024  | Goods & Services  | [67][68]
Montenegro | 1  | 14 November 2011  | 1 September 2012  | Goods  | [69]
Morocco[note 4] | 1  | 19 June 1997  | 1 December 1999  | Goods  | [70][71]
North Macedonia | 1  | 19 June 2000  | 1 May 2002  | Goods  | [72]
Palestinian Authority | 1  | 30 November 1998  | 1 July 1999  | Goods  | [73]
Peru | 1  | 24 June 2010  | 1 July 2011  | Goods  | [74]
Philippines | 1  | 28 April 2016  | 1 June 2018  | Goods & Services  | [75]
Serbia | 1  | 17 December 2009  | 1 October 2010  | Goods  | [76]
Singapore | 1  | 26 June 2002  | 1 January 2003  | Goods & Services  | [77]
South Korea | 1  | 15 December 2005  | 1 September 2006  | Goods & Services  | [78]
Southern African Customs Union
Botswana
Eswatini
Lesotho
Namibia
South Africa | 5  | 26 June 2006  | 1 May 2008  | Goods  | [79]
Tunisia | 1  | 17 December 2004  | 1 August 2005  | Goods  | [80]
Turkey | 1  | 25 June 2018  | 1 October 2021  | Goods & Services  | [81]
Ukraine | 1  | 24 June 2010  | 1 June 2012  | Goods & Services  | [82]

### Ongoing free trade negotiations

[edit]

Signed:

* Central America
Guatemala (Signed 22 June 2015)[54]
* India (Signed 10 March 2024)[83][84][85]

Concluded:

* Mercosur (Concluded 23 August 2019)[86]
Argentina
Brazil
Paraguay
Uruguay

Negotiations:

* Kosovo (Since June 2022)[87][88]
* Malaysia (Since November 2012)[89]
* Thailand (Restarted June 2022)[90][91]
* Vietnam (Since July 2012)[92]

Negotiations currently on hold

* Algeria[93]
* Honduras (Central American States)[94]
* Eurasian Economic Union[95]
Belarus
Kazakhstan
Russia

Declarations on cooperation

* Mauritius[96]
* Mongolia[97]
* Myanmar (on hold since 2022)[98]
* Pakistan[99]

### Obsolete agreements

[edit]

The following agreements are no longer active:[100]

* Bulgaria (1995–2007)
* Croatia (2002–2013)
* Czech Republic (1993–2004)
* Czechoslovakia (1992–1993)
* Estonia (1996–2004)
* Hungary (1995–2004)
* Latvia (1996–2004)
* Lithuania (1996–2004)
* Poland (1995–2004)
* Romania (1995–2007)
* Slovakia (1993–2004)
* Slovenia (1995–2004)
* Spain (1980–1986)
* Turkey (1995–2021)

## Travel policies

[edit]

### Free movement of people within EFTA and the EU/EEA

[edit]

Main article: Citizens' Rights Directive

EFTA member states' citizens enjoy freedom of movement in each other's territories in accordance with the EFTA convention.[101] EFTA & EEA nationals also enjoy freedom of movement in the European Union (EU). EFTA nationals and EU citizens are not only visa-exempt but are legally entitled to enter and reside in each other's countries. The Citizens' Rights Directive[102] (also sometimes called the "Free Movement Directive") defines the right of free movement for citizens of the European Economic Area (EEA),[103] which includes the three EFTA members Iceland, Norway and Liechtenstein plus the member states of the EU. Switzerland, which is a member of EFTA but not of the EEA, is not bound by the Directive but rather has a separate multilateral agreement on free movement with the EU and its member states.[104]

As a result, a citizen of an EFTA country can live and work in all the other EFTA countries and in all the EU countries, and a citizen of an EU country can live and work in all the EFTA countries (but for voting and working in sensitive fields, such as government / police / military, citizenship is often required, and non-citizens may not have the same rights to welfare and unemployment benefits as citizens).[105]

## General secretaries

[edit]

#  | State  | Name  | Year

|
|
|

1  |  United Kingdom | Frank Figgures | 1960–1965
2  |  United Kingdom | John Coulson | 1965–1972
3  |  Sweden | Bengt Rabaeus | 1972–1975
4  |  Switzerland | Charles Müller | 1976–1981
5  |  Norway | Per Kleppe | 1981–1988
6  |  Austria | Georg Reisch | 1988–1994
7  |  Iceland | Kjartan Jóhannsson | 1994–2000
8  |  Switzerland | William Rossier | 2000–2006
9  |  Norway | Kåre Bryn | 2006–2012
10  |  Iceland | Kristinn F. Árnason | 2012–2018
11  |  Switzerland | Henri Gétaz | 2018–present

## Portugal Fund

[edit]

The Portugal Fund came into operation in February 1977 when Portugal was still a member of EFTA.[106] It was to provide funding for the development of Portugal after the Carnation Revolution and the consequential restoration of democracy and the decolonization of the country's overseas possessions. This followed a period of economic sanctions by most of the international community, which left Portugal economically underdeveloped compared to the rest of the western Europe. When Portugal left EFTA in 1985 in order to join the EEC, the remaining EFTA members decided to continue the Portugal Fund so that Portugal would continue to benefit from it. The Fund originally took the form of a low-interest loan from the EFTA member states to the value of US$100 million. Repayment was originally to commence in 1988, however, EFTA then decided to postpone the start of repayments until 1998. The Portugal Fund was dissolved in January 2002.[107]

## See also

[edit]

* EFTA Court
* EFTA Surveillance Authority
* Central European Free Trade Agreement (CEFTA)
* Euro-Mediterranean free trade area (EU-MEFTA)
* European Union Association Agreement
* European Union free trade agreements
* Free trade areas in Europe

## Notes

[edit]

1. ^ a b in international dollars (rounded)
2. ^ a b Liechtenstein, Infobox
3. ^ a b Through multiple sectoral agreements
4. ^ Excluding Western Sahara

## References

[edit]

1. ^ "Láhkasánit - Saamelaiskäräjät" (PDF). Sámi Parliament of Finland. Retrieved 29 August 2019.
2. ^ "Chairmanship". efta.int. EFTA. July 2020.
3. ^ a b c "Report for Selected Countries and Subjects". imf.org.
4. ^ a b c "1949-Bulletin-10-Web" (PDF). Retrieved 8 May 2017.
5. ^ "The European Free Trade Association". efta.int. Retrieved 12 December 2014.
6. ^ "EFTA through the years". efta.int. 2014. Retrieved 13 April 2019.
7. ^ "The EFTA Convention | European Free Trade Association". www.efta.int.
8. ^ a b "Convention Establishing the European Free Trade Association (Consolidated version, last amended on 1 November 2021)" (PDF). 21 June 2001. Retrieved 1 September 2024.
9. ^ "European Free Trade Association by Shobicka Mehanathan on Prezi". Prezi.com. Retrieved 8 May 2017.
10. ^ "Finland: Now, the Seven and a Half". Time. 7 April 1961. Archived from the original on 4 November 2011. Retrieved 18 July 2009.
11. ^ AFP in Reykjavik (12 March 2015). "Iceland drops EU membership bid: 'interests better served outside' union". The Guardian. Retrieved 17 August 2016.
12. ^ "World Population Prospects 2022". United Nations Department of Economic and Social Affairs, Population Division. Retrieved 17 July 2022.
13. ^ "World Population Prospects 2022: Demographic indicators by region, subregion and country, annually for 1950-2100" (XSLX) ("Total Population, as of 1 July (thousands)"). United Nations Department of Economic and Social Affairs, Population Division. Retrieved 17 July 2022.
14. ^ a b "Iceland". International Monetary Fund. Retrieved 17 April 2013.
15. ^ a b "Norway". International Monetary Fund. Retrieved 20 April 2012.
16. ^ a b "Report for Selected Countries and Subjects". Imf.org. 14 September 2006. Retrieved 8 May 2017.
17. ^ "Norway and the EU" (PDF). Eu-norway.org. Archived from the original (PDF) on 22 September 2020. Retrieved 8 May 2017.
18. ^ "Council conclusions on EU relations with EFTA countries" (PDF). Council of the European Union. 14 December 2012. Retrieved 1 April 2013.
19. ^ Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee of the Regions - EU Relations with the Principality of Andorra, the Principality of Monaco and the Republic of San Marino - Options for Closer Integration with the EU
20. ^ "Council conclusions on EU relations with the Principality of Andorra, the Republic of San Marino and the Principality of Monaco" (PDF). Council of the European Union. 20 December 2012. Archived from the original (PDF) on 17 May 2013. Retrieved 1 April 2013.
21. ^ "Norge sier nei til nye mikrostater i EØS". 19 May 2011. Retrieved 6 April 2013.
22. ^ "Innlegg på møte i Stortingets europautvalg". Ministry of Foreign Affairs of Norway. 28 January 2013. Retrieved 1 April 2013.
23. ^ "Eide: Bedre blir det ikke". 21 December 2012. Archived from the original on 13 April 2013. Retrieved 1 April 2013.
24. ^ a b Aalberg Undheim, Eva (8 December 2012). "Regjeringa open for diskutere EØS-medlemskap for mikrostatar" (in Norwegian). Retrieved 6 April 2013.
25. ^ "La Norvegia chiude le porte a San Marino" (PDF). La Tribuna Sammarinese. 3 January 2013. p. 7\. Archived from the original (PDF) on 7 March 2014. Retrieved 6 April 2013.
26. ^ "EU Relations with the Principality of Andorra, the Principality of Monaco and the Republic of San Marino: Options for their participation in the Internal Market". European Commission. 18 November 2013. Retrieved 20 November 2013.
27. ^ "Iceland moves towards joining EU". BBC News. 16 July 2009. Retrieved 18 July 2009.
28. ^ "Responsum om muligheder for Færøernes tilknytning til EFTA samt for Færøernes og Grønlands tilknytning til EU" (PDF) (in Danish). Archived (PDF) from the original on 7 December 2020.
29. ^ Spongenberg, Helena (8 October 2007). "Faroe Islands seek closer EU relations". EUobserver. Retrieved 18 July 2009.
30. ^ "The Faroes and the EU - possibilities and challenges in a future relationship" (PDF). The Ministry of Foreign Affairs in the Faroes. 2010. p. 53\. Archived from the original (PDF) on 23 August 2011. Retrieved 15 August 2013. "Under its constitutional status the Faroes cannot become a contracting party to the EEA Agreement in its own right due to the fact that the Faroes are not a state."
31. ^ "Hoyvík Agreement". www.government.fo. Retrieved 24 June 2021.
32. ^ "Leaving the EU - Research Paper 13/42" (PDF). House of Commons Library. 1 July 2013. Retrieved 19 May 2015.
33. ^ "The Latest: Lithuania says UK must say if decision is final". CNBC. 27 June 2016. Archived from the original on 3 July 2016. Retrieved 18 September 2016 - via Associated Press.
34. ^ Patrick Wintour (9 August 2016). "Norway may block UK return to European Free Trade Association". The Guardian. Retrieved 17 August 2016.
35. ^ "Sturgeon hints the Scottish Government could seek Norway-style EU relationship". 17 November 2016. Retrieved 17 November 2016.
36. ^ Johnson, Simon (16 March 2017). "Iceland: Scotland could not start applying for EFTA until after independence". The Daily Telegraph. Archived from the original on 12 January 2022. Retrieved 24 March 2017.
37. ^ "We're taking back control of Brexit, say MPs". Evening Standard. 7 February 2018. Retrieved 25 February 2018.
38. ^ "EEA Agreement | European Free Trade Association". Efta.int. 1 January 1994. Retrieved 17 August 2016.
39. ^ "Croatia joins the EEA". European Free Trade Association. 12 April 2014. Retrieved 11 April 2014.
40. ^ "Agreement On the European Economic Area" (PDF). European Free Trade Association. 1 August 2016. Archived from the original on 27 March 2019. Retrieved 8 May 2017.
41. ^ a b c d e "The Basic Features of the EEA Agreement | European Free Trade Association". Efta.int. Retrieved 8 May 2017.
42. ^ THE SCHENGEN AREA Archived 6 August 2020 at the Wayback Machine (Council of the European Union, 2015)
43. ^ a b "Moms på kjøp av tjenester fra Svalbard eller Jan Mayen". Archived from the original on 31 July 2020. Retrieved 11 October 2020.
44. ^ Agreement concluded by the Council of the European Union and the Republic of Iceland and the Kingdom of Norway concerning the latters' association with the implementation, application and development of the Schengen acquis
45. ^ Agreement on the European Economic Area - Protocol 40 on Svalbard
46. ^ "Choose a language - Consilium". Consilium.europa.eu. Archived from the original on 17 November 2015. Retrieved 17 August 2016.
47. ^ a b 2014/954/Euratom: Council Decision of 4 December 2014 approving the conclusion by the European Commission, on behalf of the European Atomic Energy Community, of the Agreement for scientific and technological cooperation between the European Union and European Atomic Energy Community and the Swiss Confederation associating the Swiss Confederation to Horizon 2020 — the Framework Programme for Research and Innovation and the Research and Training Programme of the European Atomic Energy Community complementing Horizon 2020, and regulating the Swiss Confederation's participation in the ITER activities carried out by Fusion for Energy
48. ^ Brandtner, B (1992). The ‘Drama’ of the EEA Comments on Opinions 1/91 and 1/92. Retrieved 24 December 2023.
49. ^ "Free Trade | European Free Trade Association". Efta.int. Retrieved 4 January 2023.
50. ^ "Free Trade Map | European Free Trade Association". Efta.int. Retrieved 17 August 2016.
51. ^ "Albania". European Free Trade Association.
52. ^ "Bosnia and Herzegovina". European Free Trade Association.
53. ^ "Canada". European Free Trade Association.
54. ^ a b "Central American States (Costa Rica, Guatemala, Honduras and Panama)". European Free Trade Association.
55. ^ "Chile". European Free Trade Association.
56. ^ "Colombia". European Free Trade Association.
57. ^ "Ecuador". European Free Trade Association.
58. ^ "Egypt". European Free Trade Association.
59. ^ "Georgia". European Free Trade Association.
60. ^ "Gulf Cooperation Council (GCC)". European Free Trade Association.
61. ^ "Hong Kong, China". European Free Trade Association.
62. ^ "Indonesia". European Free Trade Association.
63. ^ "Israel". European Free Trade Association.
64. ^ "Jordan". European Free Trade Association.
65. ^ "Lebanon". European Free Trade Association.
66. ^ "Mexico". European Free Trade Association.
67. ^ "Moldova". European Free Trade Association. Archived from the original on 28 September 2024. Retrieved 17 November 2024.
68. ^ Kräuchi, Thomas; Olafsdottir, Asdis (27 June 2023). "EFTA and Moldova sign a Free Trade Agreement". European Free Trade Association. Archived from the original on 1 May 2024. Retrieved 17 November 2024.
69. ^ "Montenegro". European Free Trade Association.
70. ^ "Morocco". European Free Trade Association.
71. ^ "Western Sahara excluded from EFTA-Morocco free trade agreement". SPS. 12 May 2010. Archived from the original on 16 May 2011. Retrieved 13 May 2010.
72. ^ "North Macedonia". European Free Trade Association.
73. ^ "Palestinian Authority". European Free Trade Association.
74. ^ "Peru". European Free Trade Association.
75. ^ "Philippines". European Free Trade Association.
76. ^ "Serbia". European Free Trade Association.
77. ^ "Singapore". European Free Trade Association.
78. ^ "Republic of Korea". European Free Trade Association.
79. ^ "Southern African Customs Union (SACU)". European Free Trade Association.
80. ^ "Tunisia". European Free Trade Association.
81. ^ "Türkiye". European Free Trade Association.
82. ^ "Ukraine". European Free Trade Association.
83. ^ "India". European Free Trade Association.
84. ^ "India signs a trade accord with 4 European nations for $100 billion investment over 15 years". ABC News. 10 March 2024. Archived from the original on 10 March 2024. Retrieved 10 March 2024.
85. ^ "India signs $100bn free trade deal with four European nations". BBC News. 11 March 2024. Archived from the original on 11 March 2024. Retrieved 11 March 2024.
86. ^ "MERCOSUR". European Free Trade Association.
87. ^ "Kosovo". European Free Trade Association.
88. ^ "The EFTA countries and Kosovo met today in Borgarnes, Iceland, to launch free trade negotiations". Newsroom. EFTA. 20 June 2022. Retrieved 21 June 2022.
89. ^ "Malaysia". European Free Trade Association.
90. ^ "Thailand". European Free Trade Association.
91. ^ "The EFTA countries and Thailand met today in Borgarnes, Iceland, to launch free trade negotiations". Newsroom. EFTA. 20 June 2022. Retrieved 21 June 2022.
92. ^ "Vietnam". European Free Trade Association.
93. ^ "Algeria". European Free Trade Association.
94. ^ "Central American States (Honduras)". European Free Trade Association.
95. ^ "Russia / Belarus / Kazakhstan". European Free Trade Association.
96. ^ "Mauritius". European Free Trade Association.
97. ^ "Mongolia". European Free Trade Association.
98. ^ "Myanmar". European Free Trade Association.
99. ^ "Pakistan". European Free Trade Association.
100. ^ "Inactive RTAs, including accessions". World Trade Organization.
101. ^ "Short Overview of the EFTA Convention". Retrieved 29 November 2017.
102. ^ Consolidated text: Directive 2004/38/EC of the European Parliament and of the Council of 29 April 2004 on the right of citizens of the Union and their family members to move and reside freely within the territory of the Member States amending Regulation (EEC) No 1612/68 and repealing Directives 64/221/EEC, 68/360/EEC, 72/194/EEC, 73/148/EEC, 75/34/EEC, 75/35/EEC, 90/364/EEC, 90/365/EEC and 93/96/EEC
103. ^ Decision of the EEA Joint Committee No 158/2007 of 7 December 2007 amending Annex V (Free movement of workers) and Annex VIII (Right of establishment) to the EEA Agreement
104. ^ Consolidated text: Agreement between the European Community and its Member States, of the one part, and the Swiss Confederation, of the other, on the free movement of persons
105. ^ "Free Movement of Persons | European Free Trade Association". www.efta.int. Retrieved 7 June 2024.
106. ^ "1976-1977 Seventeenth Annual Report of the European Free Trade Association" (PDF). efta.int. September 1977. p. 21. Retrieved 14 April 2019.
107. ^ "New decision of Eurostat on deficit and debt. Liquidation of the EFTA Industrial Development Fund for Portugal". europa.eu. 21 August 2003. Retrieved 21 April 2023.

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