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What does EFTA stand for? 

What does EFTA mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: EFTA.

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EFTA

European Free Trade Association

Business » International Business -- and more...

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EFTA

European Free Trade Area

Business » International Business -- and more...

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EFTA

Eastern Fat Tire Association

Miscellaneous » Hobbies

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EFTA

I F S International, Inc.

Business » NASDAQ Symbols

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EFTA

The Easier For Them Association

Governmental » Politics

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EFTA

Electronic Fund Transfer Act

Governmental » Legislation

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EFTA

European Family Therapy Association

Regional » European

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EFTA

Europese Vrijhandelsassociatie

Miscellaneous » Unclassified

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EFTA

Engineering for the Americas

Academic & Science » Engineering

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EFTA

Environment for the Americas

Miscellaneous » Unclassified

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EFTA

European Fair Trade Association

Business » Professional Organizations

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EFTA

European Food Truck Association

Miscellaneous » Automotive

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EFTA

European Flexographic Technical Association

Business » Professional Organizations

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EFTA

Electronic Funds Transfer Association

Business » Professional Organizations

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EFTA

Electronic Free Trade Association

Computing » IT

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EFTA

Education For Tomorrow Alliance

Community » Non-Profit Organizations

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EFTA

Easy Fill Tire Alert

Miscellaneous » Automotive

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What does EFTA mean?

efta
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. 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. 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). A revised Convention, the Vaduz Convention, was signed on 21 June 2001 and entered into force on 1 June 2002.Since 1995, only two founding members remain, 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. Whilst 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. As a result, its member states have jointly concluded free trade agreements with the EU and a number of other countries. 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 bilateral agreements with the EU instead.

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