European Economic Area

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European Economic Area (EEA)

the territory covered by a series of agreements signed in 1992 between the EUROPEAN COMMUNITIES and their member states and the European Free Trade Association (EFTA) countries, designed to create the world's largest and most important integrated economic structure and to be a step towards the construction of a Europe based on peace, democracy and human rights. The EFTA organization was always in trouble when the UK, Denmark and the Republic of Ireland left to join the European Economic Community. EFTA is an intergovernmental organization promoting free trade and strengthening economic relations. EFTA's Member States are Iceland, Liechtenstein, Norway and Switzerland. Switzerland, while remaining inside EFTA is not in the EEA. The aim of the EEA is to implement the four freedoms on the basis of Community achievement to date - the ACQUIS COMMUNAUTAIRE. The EFTA countries have to help pay for the poorer European Union members. The EEA has a Council, and a Joint Committee. Various sub-committees operate and updating the agreement is now very regular as ever more EU law is adopted throughout the EEA.
References in periodicals archive ?
It also offers Novartis's cold sore management products in the European Economic Area and cold and flu, and pain relief products in Sweden.
Iceland is already heavily integrated into the EU market as it is part of EU's internal market through the European Economic Area and the Schengen Area.
The linkage of the EU ETS with that of EEA member countries is taking place through the incorporation of the EU ETS Directive (2003/87/EC as amended) into the European Economic Area agreement.
The companies have extended an invitation to all operators in the European Economic Area to sign the proposed code of conduct, and additional operators are expected to join prior to October 2006.
However, if you have filled out a Form E111, you will get free or cut-price emergency treatment in countries within the European Economic Area and Switzerland.
Given the sharply diverging levels of labor productivity, a harmonization, say, of labor market regulations would have disastrous consequences for competitiveness and thus for growth and employment in the European economic area.
subislawa 22 "co-financed under the financial mechanism of the european economic area 2009-2014.
It therefore concluded that the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it.
If adopted, the regulation will allow Bulgarians to take any jobs in Iceland as of January 1, 2012, in accordance with the provisions of the European Economic Area and the Icelandic legislation.
The EC, the European Uniona[euro](tm)s competition watchdog, said in a statement on Friday that the takeover would not harm the effective competition in the European economic area (EEA).
The Commission's investigation has found that the proposed transaction would not impede effective competition in the European Economic Area (EEA) or any substantial part of it.

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