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Glossary: EFTA

Photo: Switzerland
Photo: Switzerland

Acronym in full: European Free Trade Association

The European Free Trade Association (EFTA) was founded by the Stockholm Convention in 1960 to promote free trade among its members and closer economic cooperation with the western European countries. EFTA has signed free trade agreement with the EU and concluded a worldwide network of free trade and partnership agreements. While some of its founding members have joined the EU, today the EFTA has only four members, namely Iceland, Liechtenstein, Norway and Switzerland.


Related resource: EFTA official website

Related articles:

Related term: FTA, EU


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