Question

write a short note on the european free trade association?

Answer 1

The European Free Trade Association, EFTA was established in 1960 by the Stockholm Convention. The original members were Great Britain, Norway, Denmark, Austria, Portugal, Sweden and Switzerland, otherwise known as the “Outer Seven” as compared to the “Inner Six” which were the signatories of the European Coal and Steel Community (ECSC) and the European Economic Community (EEC). Later, Iceland (1970), Finland (associate member in 1961 and full member in 1986) and Liechtenstein (1991) joined. Denmark, Great Britain, Austria, Portugal, Sweden and Finland are no longer members of EFTA as they have since joined the European Union (EU). The current members of EFTA are Iceland, Liechtenstein, Norway and Switzerland.