European Economic Area
a.k.a. EEA
The single-market zone covering EU countries plus Iceland, Liechtenstein and Norway.
In plain English
The single-market zone covering EU countries plus Iceland, Liechtenstein and Norway.
The European Economic Area extends the EU's single market, with free movement of goods, services, capital and people, to three non-EU countries: Iceland, Liechtenstein and Norway.
For traders it matters mostly through regulation: financial firms licensed in one EEA country can often offer services across the others.
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