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The EFTA Surveillance Authority performs a role for EFTA members that is equivalent to that of the European Commission for the EU, as "guardian of the treaties" and the EFTA Court performs the European Court of Justice-equivalent role. The original plan for the EEA lacked the EFTA Court: the European Court of Justice was to exercise those roles.
EFTA Trade Balance with SACU, 2002-2018. In 2018 the EFTA net export and net import equal €798 million (net export) and €616 million (net import). [7] The total import and export of EFTA with SACU represent just 0,3% of the total world import and export of EFTA . For SACU, it comprised 1% of the South African export market.
The EFTA Surveillance Authority (ESA) monitors compliance with the Agreement on the European Economic Area (EEA) in Iceland, Liechtenstein and Norway (the EEA EFTA States). ). ESA operates independently of the States and safeguards the rights of individuals and undertakings under the EEA Agreement, ensuring free movement, fair competition, and control of state
The EFTA Surveillance Authority and the EFTA Court regulate the activities of the EFTA members in respect of their obligations in the European Economic Area (EEA). The EFTA Surveillance Authority performs the European Commission's role as "guardian of the treaties" for the EFTA countries to ensure the EEA Agreement is being followed.
The European Union has concluded free trade agreements (FTAs) [1] and other agreements with a trade component with many countries worldwide and is negotiating with many others. [2]
The European Fair Trade Association (EFTA) is a Dutch association established informally in 1987. [1] It gained formal status in 1990. It regroups 11 fair trade importers in 9 European countries: Austria , Belgium , France , Germany , Italy , Netherlands , Spain , Switzerland and the United Kingdom .
A Regional Convention on pan-Euro-Mediterranean preferential Rules of Origin was signed in June 2011 to allow identical rules of origin across the region.The convention covers the EU, the EFTA, the EU customs unions with third states (Turkey, Andorra, San Marino), the EU candidate states, the partners of the Barcelona Process and possibly at a ...
The European Free Trade Association (EFTA) was created in 1960 by the outer seven (as a looser alternative to the then-European Communities) but most of its membership has since joined the Communities/EU leaving only four countries (Iceland, Norway, Switzerland and Liechtenstein) still party to the treaty.