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 Austria, Finland and Sweden ceased to be EFTA members in 1995 by joining the European Union, which superseded the EC in 1993.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:
“European society has always been divided into classes in a way that American society never has been. A European writer considers himself to be part of an old and honorable tradition—of intellectual activity, of letters—and his choice of a vocation does not cause him any uneasy wonder as to whether or not it will cost him all his friends. But this tradition does not exist in America.”
—James Baldwin (1924–1987)
“Our Germany’s dead. However hard this may be for some of us older people, it’s a blessing for our children. Our children grew up against new backgrounds, new horizons. And they are free. Free to grow up as children. Free to run and to laugh without being forced into uniforms. Without being forced to march up and down streets, singing battle songs.”
—Emeric Pressburger (1902–1988)
“We are the trade union for pensioners and children, the trade union for the disabled and the sick ... the trade union for the nation as a whole.”
—Edward Heath (b. 1916)
“With all their faults, trade-unions have done more for humanity than any other organization of men that ever existed. They have done more for decency, for honesty, for education, for the betterment of the race, for the developing of character in man, than any other association of men.”
—Clarence Darrow (1857–1938)