EFTA


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EFTA

abbreviation for European Free Trade Association; see EUROPEAN ECONOMIC AREA.
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Under the agreement, up to 99.8% of Singapore's exports to EFTA member countries would enjoy duty-free market access, up from 23.6% now.
Though these rules are not identical to those in the EFTA and the Board's Regulation E, which implements the EFTA, these voluntary rules bring consumers' liability for these debit cards more in line with the liability rules for credit cards.
EFTA, in fact, represents an alternative model of cooperation to that institutionalized by the European Community/Union.
Second, with 324 million people, the EEC is about 10 times as big as little EFTA, comprised of only 32 million people.
Sources said that Pakistan can get a huge market, especially in Norway, as nearly 40,000 people live over there.Statistics show that the bilateral trade between Pakistan and Norway, an important partner of EFTA, was $128 million in 2017.
Its implementation will support the increasing Indonesia EFTA trade whose average growth exceeded 7% over the last five years.
Data from the Philippine Statistics Authority showed total merchandise trade with Efta economies amounted to $816.76 million last year.
Jahnsen explained the EFTA is sending a technical team to discuss issues such as Customs procedures, phystosanitary rules and export processes when Filipino businesses trade with EFTA countries.
EFTA earlier said the EFTA-Philippines free trade agreement (FTA), which entered into force on June 1, was not being applied by local authorities due to pending internal procedures.
'We're now working on the ratification of our FTA with the four member countries of the Efta. It's currently at the Department of Foreign Affairs, after which it will be sent to the Office of the President for ratification.
The June 2010 EFTA Ministerial meeting in Reykjavik marked a turning point in the role of the Consultative Committee, as the importance of social dialogue and sustainable development came clearly into focus.
The European Free Trade Association (EFTA) is planning to expand its network of Free Trade agreements (FTAs) further around the world in 2008.