File:European_Economic_Area_member_states.svg · Wikimedia Commons · See Wikimedia Commons
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Also known as EEA
area of the European Union's internal market and some of EFTA states established in 1994
AI overview
The European Economic Area is a trade agreement established in 1994 that allows certain European Free Trade Association countries to participate in the European Union's internal market, giving their citizens and businesses access to the same trading benefits as EU members. This arrangement matters because it lets these non-EU countries enjoy many of the economic advantages of EU membership, such as the ability to move goods, services, and people freely across borders, without having to join the EU itself.
AI-generated from the Wikipedia summary — may contain errors.
Wikidata facts
Show 3 more facts
- Commons category
- European Economic Area
- inception
- 1994-01-01
- short name
- EER
via Wikidata · CC0
Gallery (8)
Connections
Categories
1993 in Belgium1993 in the European Union1994 establishments in EuropeEuropean Economic AreaForeign relations of IcelandForeign relations of LiechtensteinForeign relations of NorwayForeign relations of SwitzerlandForeign relations of the European UnionIceland–European Union relationsIntergovernmental organizations established by treatyInternational organizations based in Europe