European Free Trade Association
The European Free Trade Association (EFTA) is a European trade bloc which was established on 3 May 1960 as an alternative for European states who didn't join the EEC. EFTA currently has four member states: Iceland, Norway, Switzerland, and Liechtenstein; just Norway and Switzerland are founding members.
The EFTA Convention was signed on 4 January 1960 in Stockholm by 7 states: Austria, Denmark, Norway, Portugal, Sweden, Switzerland and the United Kingdom. Finland became an associate member in 1961 and a full member in 1986; Iceland joined in 1970 and Liechtenstein did the same in 1991.
The United Kingdom and Denmark left in 1973, when they joined the European Community (EC). Portugal left EFTA in 1986, when it also joined the EC. Austria, Finland and Sweden ceased to be EFTA members in 1995 by joining the European Union, which superseded the EC in 1993.
Read more about this topic: European Integration
Famous quotes containing the words european, free, trade and/or association:
“In verity ... we are the poor. This humanity we would claim for ourselves is the legacy, not only of the Enlightenment, but of the thousands and thousands of European peasants and poor townspeople who came here bringing their humanity and their sufferings with them. It is the absence of a stable upper class that is responsible for much of the vulgarity of the American scene. Should we blush before the visitor for this deficiency?”
—Mary McCarthy (19121989)
“I know you not, this room never,
the swollen dress I wear,
nor the anonymous spoons that free me,
nor this calendar nor the pulse we pare and cover.”
—Anne Sexton (19281974)
“The last job I had, I had to take it out in trade and this is no butcher shopnot yet, anyhow!”
—Robert Pirosh, U.S. screenwriter, George Seaton, George Oppenheimer, and Sam Wood. Dr. Hugo Z. Hackenbush (Groucho Marx)
“An association of men who will not quarrel with one another is a thing which has never yet existed, from the greatest confederacy of nations down to a town meeting or a vestry.”
—Thomas Jefferson (17431826)