European Free Trade Association EFTA was established on 3 May 1960. EFTA is a trade organization established as an alternative to the European Union. The founders and other members of the European Free Trade Association, which has 4 members today, left the trade organization and joined the European Union. EFTA member countries are Norway, Switzerland, Iceland and Liechtenstein. Detailed information about what is EFTA, EFTA member countries 2021, establishment of EFTA are in the continuation of the article.
What is EFTA, EFTA Member Countries 2021!
The official languages of the European Free Trade Association are German, French and Norwegian. The European Free Trade Association general secretary is Kåre Bryn. While the founding treaty of the European Free Trade Association was the Stockholm Convention, it was later changed to become the Vaduz Treaty. EFTA’s founding countries are the United Kingdom, Sweden, Norway, Switzerland, Denmark, Portugal and Austria. Iceland, Finland and Liechtenstein became members of this union, which was established in 1960, respectively. EFTA’s headquarters is in Geneva, established in Stockholm. Provides trade liberalization to EFTA member countries. The 3 member states of the European Free Trade Association were becoming part of the European Union’s internal market in 1994. Switzerland has also decided to end its relations with the European Union. What are G20 Countries? Ranking of G20 Countries 2021
Besides, EFTA member countries have terminated the Free Trade Agreement with some countries in the world. There are countries that have left the European Free Trade Association and joined the European Union. There are also EFTA founding members among the countries leaving the Union. The UK and Denmark left EFTA in 1973. Portugal in 1988 and in 2000 Austria, Sweden and Finland left the European Free Trade Organization.
European Free Trade Association Member States
The European Free Trade Organization has 4 member countries. EFTA member states are as follows…
- Norway
- Switzerland
- Iceland
- Liechtenstein
EFTA official website: https://www.efta.int/
