European Free Trade Association
a.k.a. EFTA
A trade bloc of four European countries outside the EU: Iceland, Liechtenstein, Norway and Switzerland.
In plain English
A trade bloc of four European countries outside the EU: Iceland, Liechtenstein, Norway and Switzerland.
EFTA was founded in 1960 as an alternative to what became the EU. Several founding members later joined the EU, leaving four today.
Three of them take part in the EU single market through the EEA; Switzerland uses a web of bilateral deals instead.
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