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EFTA

 

The European Free Trade Association, established in 1960, an economic union of Sweden, Austria, Portugal, Finland (as an associate) Iceland, Norway and Switzerland, and, later, Liechtenstein. Subsequently, all but the last three have transferred their allegiance to the EU. In 1991 EFTA was linked with the EU to form the European Economic Area, a single, free-trade grouping.

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EFTA (abbreviation)
European Economic Area
European Free Trade Association (international organization, Europe – in economics)

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Geography Dictionary. A Dictionary of Geography. Copyright © Susan Mayhew 1992, 1997, 2004. All rights reserved.  Read more