EFTA

American  

1. European Free Trade Association.

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EFTA British  

/ ˈɛftə /

acronym

1. European Free Trade Association; established in 1960 to eliminate trade tariffs on industrial products; now comprises Norway, Switzerland, Iceland, and Liechtenstein. Free trade was established between EFTA and the EC (now EU) in 1984. In 1994 EFTA (excluding Switzerland) and the EU together created the European Economic Area (EEA)

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Example Sentences

India on its part committed to reducing import tariffs on industrial products from the four European countries that comprise the European Free Trade Association, or EFTA.

From Seattle Times • Mar. 10, 2024

France would like to undermine the Britishdominated EFTA, but also worries that Germany might become too intimate with Austria through the Market; it thus favors a loose tie.

From Time Magazine Archive

Khrushchev came to Kekkonen's 60th birthday celebration last September, shared a private sauna with the Finnish President, emerged to give his grudging consent for Finland to become a qualified member of EFTA.

From Time Magazine Archive

Finland, as a member of EFTA, is negotiating a European Economic Area arrangement with the EC which would allow for free movement of capital, goods, services, and labor within the organization.

From The 1991 CIA World Factbook by United States. Central Intelligence Agency

Finland, as a     member of EFTA, negotiated a European Economic Area arrangement with the EC     that allows for free movement of capital, goods, services, and labor within     the organization as of January 1993.

From The 1992 CIA World Factbook by United States. Central Intelligence Agency