EFTA


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EFTA

abbr.
European Free Trade Association

EFTA

(ˈɛftə)
n acronym for
(Economics) 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)

EFTA

European Free Trade Association.

EFTA

(European Free Trade Area) A European economic grouping from 1960, originally of Austria, Denmark, Norway, Portugal, Sweden, Switzerland, and UK. Finland joined 1961, Iceland 1970. Denmark, Portugal, and UK subsequently left to join the EC .
Translations

EFTA

[ˈeftə] N ABBR =European Free Trade AssociationAELC f

EFTA

[ˈɛftə] n abbr (=European Free Trade Association) → AELE f(= Association européenne de libre-échange)

EFTA

[ˈɛftə] n abbr =European Free Trade AssociationE.F.T.A f
References in periodicals archive ?
The PH-EFTA FTA will be effective three months after its ratification in PH and at least one EFTA member state.
It is my honor to present this important Agreement with the Switzerland Confederation, the Kingdom of Norway, the Republic of Iceland and the Principality of Liechtenstein, more collectively known as the European Free Trade Association or EFTA, as this marks an important milestone in the overall international trade policy of the Philippines.
EFTA members include the nation's financial institutions, ATM owners, networks and manufacturers, payment processors, card companies, software companies, state governments and technology services providers.
The prosperity of the EFTA economies is highly dependent on access to foreign markets.
The same cannot be said, however, for access to the US market because none of the EFTA countries have free trade agreements (FTAs) with Washington.
Merchandise trade between the EFTA States and Bosnia and Herzegovina increased at an average rate of 16.
The EFTA comprises four non-European Union member states namely Switzerland, Norway, Iceland and Liechtenstein.
The Pakistan side was headed by Zafar Mahmood, Secretary Commerce while EFTA side was headed by Luzius Wasescha, Permanent Representative of Switzerland to the WTO and EFTA in Geneva.
Ali said the meetings come within the free trade agreement signed by the two sides in 2001 and which aim at boosting trade and economic ties between the two sides through facilitating the entry of industrial and agricultural products into the markets of Jordan and EFTA countries.
Ali said the meetings come within the free trade agreement signed by the two sides in 2001and which aim at boosting trade and economic ties between the two sides through facilitating the entry of industrial and agricultural products into the markets of Jordan and EFTA countries.
The EFTA is composed of the four European countries that have not join the EU.
The EFTA is a cooperative organization composed of four non-EU countries Switzerland, Norway, Iceland and Liechtenstein--that are small in size but have a high GNI per capita.