FACTOID # 25: If you're tired of sitting in traffic on your way to work, move to North Dakota.
 
 Home   Encyclopedia   Statistics   States A-Z   Flags   Maps   FAQ   About 
   
 
WHAT'S NEW
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > European Free Trade Association
European Free Trade Association (EFTA)
Location of the European Free Trade Association
Location of  European Free Trade Association  (orange)

on the European continent  (white) Image File history File links This is a lossless scalable vector image. ... For other uses, see Europe (disambiguation). ...

Secretariat Geneva, Switzerland
Official languages German, French, Norwegian, and Icelandic
Type Trade bloc
Member states Flag of Iceland Iceland
Flag of Liechtenstein Liechtenstein
Flag of Norway Norway
Flag of Switzerland Switzerland
Establishment 3 May 1960
 -  EFTA Convention 4 January 1960 
Area
 -  Total 529,600 km² 
204,518 sq mi 
Population
 -  2007 estimate 12,660,623 
 -  Density 100.6/km² 
59.82/sq mi
GDP (PPP) 2007 (IMF) estimate
 -  Total $567.5 billion 
 -  Per capita $44,828 
GDP (nominal) 2007 (IMF) estimate
 -  Total $743.3 billion 
 -  Per capita $58,714 
Currency Icelandic króna, Norwegian krone, Swiss franc (ISK, NOK, CHF)
Time zone WET / CET (UTC+0 / +1)
 -  Summer (DST) WEST / CEST (UTC+1 / +2)

The European Free Trade Association (EFTA) is a European trade bloc which was established on May 3, 1960 as an alternative for European states who were either unable to, or chose not to, join the then-European Economic Community (now the European Union). For other uses, see Geneva (disambiguation). ... A trade bloc is a large free trade area or free trade area formed by one or more tax, tariff and trade agreements. ... Image File history File links Flag_of_Iceland. ... Image File history File links Flag_of_Liechtenstein. ... Image File history File links Flag_of_Norway. ... Image File history File links Flag_of_Switzerland. ... is the 123rd day of the year (124th in leap years) in the Gregorian calendar. ... Year 1960 (MCMLX) was a leap year starting on Friday (link will display full calendar) of the Gregorian calendar. ... is the 4th day of the year in the Gregorian calendar. ... Year 1960 (MCMLX) was a leap year starting on Friday (link will display full calendar) of the Gregorian calendar. ... This article is about the physical quantity. ... A square metre (US spelling: square meter) is by definition the area enclosed by a square with sides each 1 metre long. ... A square mile is an English unit of area equal to that of a square with sides each 1 statute mile (≈1,609 m) in length. ... Population density per square kilometre by country, 2006 Population density map of the world in 1994. ... PPP of GDP for the countries of the world (2003). ... IMF redirects here. ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... Per capita is a Latin phrase meaning for each head. ... IMF redirects here. ... One thousand million (1,000,000,000) is the natural number following 999,999,999 and preceding 1,000,000,001. ... Per capita is a Latin phrase meaning for each head. ... Króna (plural krónur) is the name of the currency used in Iceland. ... ISO 4217 Code NOK User(s) Norway Inflation 2. ... ISO 4217 Code CHF User(s) Switzerland, Liechtenstein, Campione dItalia Inflation 1. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... Timezone and TimeZone redirect here. ... Time zones of Europe: Light colours indicate countries that do not observe summer time Western European Time (WET, UTC+0) is the time zone covering parts of western and northwestern Europe, including the following countries and regions: Canary Islands, since 1946 (rest of Spain is CET, i. ... Time zones of Europe: Light colours indicate countries that do not observe summer time Central European Time (CET) is one of the names of the time zone that is 1 hour ahead of Coordinated Universal Time. ... UTC redirects here. ... Although DST is common in Europe and North America, most of the worlds people do not use it. ... BST redirects here. ... Time zones of Europe: Light colours indicate countries that do not observe summer time Central European Summer Time (CEST) is one of the names of UTC+2 time zone, 2 hours ahead of Coordinated Universal Time. ... UTC redirects here. ... A trade bloc is a large free trade area or free trade area formed by one or more tax, tariff and trade agreements. ... is the 123rd day of the year (124th in leap years) in the Gregorian calendar. ... Year 1960 (MCMLX) was a leap year starting on Friday (link will display full calendar) of the Gregorian calendar. ...


The EFTA Convention was signed on January 4, 1960 in Stockholm by seven states. Today only Iceland, Norway, Switzerland, and Liechtenstein remain members of EFTA (of which only Norway and Switzerland are founding members). The Stockholm Convention was subsequently replaced by the Vaduz Convention. is the 4th day of the year in the Gregorian calendar. ... Year 1960 (MCMLX) was a leap year starting on Friday (link will display full calendar) of the Gregorian calendar. ... For other uses, see Stockholm (disambiguation). ...


This Convention provides for the liberalisation of trade among the member states. Three of the EFTA countries are part of the European Union Internal Market through the Agreement on a European Economic Area (EEA), which took effect in 1994; the fourth, Switzerland, opted to conclude bilateral agreements with the EU. In addition, the EFTA states have jointly concluded free trade agreements with a number of other countries.  EFTA countries (except Switzerland)  EU countries Together these form the EEA. The European Economic Area (EEA) came into being on January 1, 1994 following an agreement between the European Free Trade Association (EFTA) and the European Union (EU). ...

Contents

Membership history

     EFTA member states      Former member states, now EU member states
     EFTA member states      Former member states, now EU member states

Its original members were the United Kingdom, Denmark, Norway, Sweden, Austria, Switzerland and Portugal. During the 1960s these countries were often referred to at the Outer Seven, as opposed to the Inner Six of the then-styled European Economic Community.[1] Image File history File links Download high resolution version (1357x628, 44 KB) Description: Map of member states of EFTA Source: self Date: August 2005 Author: --Immanuel Giel 10:44, 11 August 2005 (UTC) Other versions: none File links The following pages link to this file: European Free Trade Association ... Image File history File links Download high resolution version (1357x628, 44 KB) Description: Map of member states of EFTA Source: self Date: August 2005 Author: --Immanuel Giel 10:44, 11 August 2005 (UTC) Other versions: none File links The following pages link to this file: European Free Trade Association ... The European Community (EC), most important of three European Communities, was originally founded on March 25, 1957 by the signing of the Treaty of Rome under the name of European Economic Community. ...


Finland became an associate member in 1961 (becoming a full member in 1986), and Iceland joined in 1970. The United Kingdom and Denmark joined the European Community in 1973 (together with Ireland), and hence ceased to be EFTA members. Portugal also left EFTA for the European Community in 1986. Liechtenstein joined in 1991 (previously its interests in EFTA had been represented by Switzerland). Finally, Austria, Sweden and Finland joined the European Union in 1995 and hence ceased to be EFTA members. Year 1961 (MCMLXI) was a common year starting on Sunday (link will display full calendar) of the Gregorian calendar. ... Year 1986 (MCMLXXXVI) was a common year starting on Wednesday (link displays 1986 Gregorian calendar). ... Year 1970 (MCMLXX) was a common year starting on Thursday (link shows full calendar) of the Gregorian calendar. ... For the song by James Blunt, see 1973 (song). ... Year 1986 (MCMLXXXVI) was a common year starting on Wednesday (link displays 1986 Gregorian calendar). ... Year 1991 (MCMXCI) was a common year starting on Tuesday (link will display the 1991 Gregorian calendar). ... Year 1995 (MCMXCV) was a common year starting on Sunday. ...


Current members

Flag State Official name Accession Population Area (km²) Capital GDP in millions (PPP) GDP per capita (PPP)
Flag of Iceland Iceland Republic of Iceland 01970-01-01 1 January 1970 &&&&&&&&&0310000.&&&&&0310,000 &&&&&&&&&0103000.&&&&&0103,000 Reykjavík 12,172 40,277
Flag of Liechtenstein Liechtenstein Principality of Liechtenstein 01991-01-01 1 January 1991 &&&&&&&&&&034247.&&&&&034,247 &&&&&&&&&&&&0160.4.0E+5160.4 Vaduz 1,786 25,000
Flag of Norway Norway Kingdom of Norway 01960-05-03 3 May 1960 &&&&&&&&04721600.&&&&&04,721,600 &&&&&&&&&0385155.&&&&&0385,155 Oslo 257,400 55,600
Flag of Switzerland Switzerland Swiss Confederation (Confoederatio Helvetica ) 01960-05-03 3 May 1960 &&&&&&&&07591400.&&&&&07,591,400 &&&&&&&&&&041285.&&&&&041,285 Bern 296,200 38,706

Image File history File links Flag_of_Iceland. ... is the 1st day of the year in the Gregorian calendar. ... Year 1970 (MCMLXX) was a common year starting on Thursday (link shows full calendar) of the Gregorian calendar. ... Location in Iceland Coordinates: , Constituency Government  - Mayor (Borgarstjóri) Dagur B. Eggertsson Area  - City 274. ... Image File history File links Flag_of_Liechtenstein. ... is the 1st day of the year in the Gregorian calendar. ... Year 1991 (MCMXCI) was a common year starting on Tuesday (link will display the 1991 Gregorian calendar). ... Vaduz and its exclaves in Liechtenstein Coordinates: , Area  - City 6. ... Image File history File links Flag_of_Norway. ... is the 123rd day of the year (124th in leap years) in the Gregorian calendar. ... Year 1960 (MCMLX) was a leap year starting on Friday (link will display full calendar) of the Gregorian calendar. ... This article is about the capital of Norway. ... Image File history File links Flag_of_Switzerland. ... is the 123rd day of the year (124th in leap years) in the Gregorian calendar. ... Year 1960 (MCMLX) was a leap year starting on Friday (link will display full calendar) of the Gregorian calendar. ... Location within Switzerland The city of Bern, English traditionally Berne (Bernese German Bärn , German Bern , French Berne , Italian Berna , Romansh Berna ), is the Bundesstadt (administrative capital) of Switzerland, and is the fourth most populous Swiss city (after Zürich, Geneva and Basel). ...

General Secretaries

General Secretaries of EFTA:

  • 1960-1965: Flag of the United Kingdom Frank E. Figgures
  • 1965-1972: Flag of the United Kingdom Sir John Coulson
  • 1972-1975: Flag of Sweden Bengt Rabaeus
  • 1976-1981: Flag of Switzerland Charles Müller
  • 1981-1988: Flag of Norway Per Kleppe
  • 1988-1994: Flag of Austria Georg Reisch
  • 1994-2000: Flag of Iceland Kjartan Jóhannsson
  • 2000-2006: Flag of Switzerland William Rossier
  • 2006-present: Flag of Norway Kåre Bryn

Image File history File links Flag_of_the_United_Kingdom. ... Image File history File links Flag_of_the_United_Kingdom. ... Image File history File links Flag_of_Sweden. ... Image File history File links Flag_of_Switzerland. ... Image File history File links Flag_of_Norway. ... Image File history File links Flag_of_Austria. ... Image File history File links Flag_of_Iceland. ... Image File history File links Flag_of_Switzerland. ... Image File history File links Flag_of_Norway. ...

Institutions

EFTA is governed by the EFTA Council and serviced by the EFTA Secretariat. In addition, in connection with the EEA Agreement of 1992, two other EFTA organisations were established, the EFTA Surveillance Authority and the EFTA Court.


EEA-related institutions

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 the European Commissions role as guardian of the treaties for the EFTA countries. ... The EFTA Court is an international court, an organ of the European Free Trade Association, established for the purpose of enforcing European Union law applied to the European Economic Area (EEA) states under the EEA treaty. ...  EFTA countries (except Switzerland)  EU countries Together these form the EEA. The European Economic Area (EEA) came into being on January 1, 1994 following an agreement between the European Free Trade Association (EFTA) and the European Union (EU). ...


The EFTA Surveillance Authority performs the European Commission's role as "guardian of the treaties" for the EFTA countries, while the EFTA Court performs the European Court of Justice's role for those countries. Berlaymont, the Commissions seat The European Commission (formally the Commission of the European Communities) is the executive branch of the European Union. ... Official emblem of the ECJ The Court of Justice of the European Communities, usually called the European Court of Justice (ECJ), is the highest court in the European Union (EU). ...


The original plan for the EEA lacked the EFTA Court or the EFTA Surveillance Authority, and instead had the European Court of Justice and the European Commission were to exercise those roles. However, during the negotiations for the EEA agreement, the European Court of Justice informed the Council of the European Union by way of letter that they considered that giving the EU institutions powers with respect to non-EU member states would be a violation of the treaties, and therefore the current arrangement was developed instead. Established 1952 Presiding Country Portugal President Luís Amado President in Office José Sócrates Members 27 (at one time) Political parties 7, including: European Peoples Party Party of European Socialists Meeting place Justus Lipsius, Brussels, Belgium, European Union Web site http://www. ...


Locations

The EFTA Secretariat is headquartered in Geneva, Switzerland. The EFTA Surveillance Authority has its headquarters in Brussels, Belgium (the same location as the headquarters of the European Commission), while the EFTA Court has its headquarters in Luxembourg (the same location as the headquarters of the European Court of Justice). For other uses, see Geneva (disambiguation). ... For other places with the same name, see Brussels (disambiguation). ...


Portugal Fund

The Portugal Fund was established in 1975 when Portugal was still a member of EFTA, to provide funding for the development and reconstruction of Portugal after the end of the dictatorship. When Portugal left EFTA in 1985, the remaining EFTA members decided to nonetheless continue the Portugal Fund, so Portugal would continue to benefit from it. The Fund originally took the form of a low-interest loan from the EFTA member states to Portugal, to the value of 100 million US dollars. Repayment was originally to commence in 1988, but EFTA then decided to postpone the start of repayments until 1998. The Portugal Fund has now been dissolved by the Member States. Year 1975 (MCMLXXV) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ... This article is about the year. ... The United States dollar is the official currency of the United States. ... Year 1988 (MCMLXXXVIII) was a leap year starting on Friday (link displays 1988 Gregorian calendar). ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ...


International conventions

EFTA also originated the Hallmarking Convention and the Pharmaceutical Inspection Convention, both of which are open to non-EFTA states. The Pharmaceutical Inspection Convention and Pharmaceutical Inspection Co-operation Scheme (PIC/S) are two international instruments between countries and pharmaceutical inspection authorities. ...


Relationship to the European Economic Area

The EFTA members, except for Switzerland, are also members of the European Economic Area (EEA).  EFTA countries (except Switzerland)  EU countries Together these form the EEA. The European Economic Area (EEA) came into being on January 1, 1994 following an agreement between the European Free Trade Association (EFTA) and the European Union (EU). ...


International Relationships

EFTA has several free trade agreements with non-EU countries as well as declarations on cooperation and joint workgroups to improve trade.


Free Trade Agreement

Currently negotiating with Thailand and the Gulf Co-operation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) For an explanation of terms related to Macedonia, see Macedonia (terminology). ... “Palestinian government” redirects here. ... States of SACU // Origins The Southern African Customs Union (SACU) came into existence on December 11, 1969 with the signature of the Customs Union Agreement between South Africa, Botswana, Lesotho, Namibia and Swaziland. ... ...


Declarations on Cooperation

Joint workgroups Motto (Spanish) (Portuguese) (Guaraní) Our North is the South  â€¢  â€¢ Pro Tempore Secretariat Montevideo, Uruguay Largest city São Paulo, Brazil Official languages 3 Portuguese Spanish Guaraní Membership 5 Argentina Brazil Paraguay Uruguay Venezuela Leaders  -  Carlos Álvarez Establishment  -  Declaration of Foz do Iguaçu 30 December 1985   -  Treaty of Asunción... Not to be confused with Republika Srpska. ...

Future of EFTA

Norwegians have rejected in referendums to join the EU on two occasions. At the time of the first referendum (1972) their neighbours the Kingdom of Denmark joined. The second time (1994) two other Nordic neighbours, Sweden and Finland joined the EU. The two last governments of Norway have been unable and unwilling to advance the question, as they have both been coalition governments consisting of both proponents and opponents. Elections Part of the Politics series Politics Portal This box:      A referendum (plural referendums or referenda), ballot question, or plebiscite (from Latin plebiscita, originally a decree of the Concilium Plebis) is a direct vote in which an entire electorate is asked to either accept or reject a particular proposal. ... Political map of the Nordic countries and associated territories. ...


Iceland is not likely to join the EU in the near future due to political indifference towards the Union. However more and more Icelanders are leaning towards the idea of changing the current currency in Iceland to the Euro due to high inflation and high interest rates in Iceland.[citation needed] For other uses, see Euro (disambiguation). ...


Since Switzerland rejected the EEA in 1992, referendums on EU membership have been initiated, the last time in 2001. These were rejected by clear majorities.


In mid-2005, representatives of the Faroe Islands have hinted at the possibility of their territory joining EFTA. However, the chances of the Faroes' bid for membership are uncertain because, according to the EFTA Convention, only states may become members of the Association.[citation needed]


United Kingdom

The United Kingdom benefited from the lack of common tariffs for EFTA members, by importing goods from the Commonwealth of Nations and selling them on to other EFTA members. Due to the advancement of the EEC and the decision to focus on Europe, rather than the United States and Commonwealth nations such as Australia, Canada and New Zealand, as trading partners, the United Kingdom chose to apply for EEC membership in 1961 (however, it did not become a member until 1973). The Commonwealth of Nations as of 2007 Headquarters Marlborough House, London, UK Official languages English Membership 53 sovereign states Leaders  -  Queen Elizabeth II  -  Secretary-General Kamalesh Sharma Appointed 24 November 2007 Establishment  -  Balfour Declaration 18 November 1926   -  Statute of Westminster 11 December 1931   -  London Declaration 28 April 1949  Area  -  Total... For other uses, see Europe (disambiguation). ...


See also

Map of Europe indicating current CEFTA members Type Trade agreement Member states 7 Balkan states, Kosovo Establishment  -  Signed 21 December 1992  Area  -  Total 298. ... The European Union (EU) was created by six founding states in 1957 (following the earlier establishment by the same six states of the European Coal and Steel Community in 1952) and has grown to 27 member states. ... The Euro-Mediterranean free trade area (EU-MEFTA) is based on the Barcelona Process and European Neighbourhood Policy (ENP). ... The European Free Trade Association (EFTA) was established on May 3, 1960 as an alternative for European states that were not allowed or did not wish to join the European Community (now the European Union). ... A European Union Association Agreement (for short, Association Agreement or AA) is a treaty between the European Union (EU) and a non-EU country that creates a framework for co-operation between them. ... A trade bloc is a large free trade area or free trade area formed by one or more tax, tariff and trade agreements. ... For other uses, see Schengen. ...

External links

  • Official EFTA site
  • EFTA Secretariat Official EFTA site
  • The history of EFTA in detail
  • The European Commission's Delegation to Norway and Iceland
  • European Free Trade Association European Navigator
Image File history File links Flag_of_Iceland. ... Image File history File links Flag_of_Liechtenstein. ... Image File history File links Flag_of_Norway. ... Image File history File links Flag_of_Switzerland. ...

  Results from FactBites:
 
European Free Trade Association - Wikipedia, the free encyclopedia (818 words)
The EFTA Surveillance Authority performs the European Commission's role as "guardian of the treaties" for the EFTA countries, while the EFTA Court performs the European Court of Justice's role for those countries.
However, during the negotiations for the EEA agreement, the European Court of Justice informed the Council of the European Union by way of letter that they considered that giving the EU institutions powers with respect to non-EU member states would be a violation of the treaties, and therefore the current arrangement was developed instead.
The EFTA Secretariat is headquartered in Geneva, Switzerland.
European Economic Area - Wikipedia, the free encyclopedia (293 words)
It was designed to allow EFTA countries to participate in the European Single Market without having to join the EU.
Instead, the Swiss are linked to the European Union by Swiss-EU bilateral agreements, with a different content from that of the EEA agreement.
So, the current members, contracting parties, are three of the four EFTA states - Iceland, Liechtenstein and Norway, without Switzerland - the European Union and the 25 EU Member States.
  More results at FactBites »

 
 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments

Want to know more?
Search encyclopedia, statistics and forums:

 


Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m