European Economic Area
(EEA) the territory covered by a series of agreements signed in 1992 between the European Communities and their member states and the European Free Trade Association (EFTA) countries, designed to create the world's largest and most important integrated economic structure and to be a step towards the construction of a Europe based on peace, democracy and human rights. The EFTA organisation was always in trouble when the UK, Denmark and the Republic of Ireland left to join the European Economic Community. Austria, Finland, Iceland, Liechtenstein, Norway and Sweden have joined this organisation, which is a mirror of the European Communities. The aim is to implement the Four Freedoms on the basis of Community achievement to date – the acquis communautaire. The EFTA countries have to help pay for the poorer European Union members, providing soft loans for Portugal, 'the Island of Ireland', Greece and parts of Spain. The EEA will have a Council, a Joint Committee, a Parliamentary Committee and a Consultative Committee. Matters progressed swiftly, and Austria, Finland and Sweden joined the European Union in 1995.

Collins dictionary of law. . 2001.


European Economic Area
European Economic Area (EEA)
The trading area established by the EEA Agreement of 1 January 1994, currently comprising the member states of the European Union and, in addition, Norway, Iceland and Liechtenstein.
+ European Economic Area (EEA)
The European Economic Area (EEA) consists of the European Union and all the EFTA countries except Switzerland. The EEA Agreement, which entered into force on 1 January 1994, enables Iceland, Liechtenstein and Norway to enjoy the benefits of the EU's single market without the full privileges and responsibilities of EU membership.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • European Economic Area — )legend|#000080|European Union member states ] The European Economic Area (EEA) came into being on 1 January 1994 following an agreement [PDFlink| [http://www.efta.int/content/legal texts/eea/EEAtext/EEAagreement/at download/file EEA Agreement] ] …   Wikipedia

  • European Economic Area — ( EEA) Economic grouping incorporating all European Union states plus Iceland, Liechtenstein and Norway. The Investment Services Directive passport applies to the EEA. Dresdner Kleinwort Wasserstein financial glossary * * * European Economic Area …   Financial and business terms

  • European Economic Area — (EEA)   An agreement in 1991 between the EC and the European Free Trade Association (EFTA) to form a free trade area in all but agriculture. Previously called the European Economic Space …   Glossary of the European Union and European Communities

  • European Economic Area — (abbr the EEA) a free trade area created in 1994 that includes the countries of the European Union together with Iceland, Norway and Liechtenstein. * * * …   Universalium

  • European Economic Area — (EEA) 1991 agreement between European Community and European Free Trade Association …   Geography glossary

  • European Economic Area — EEA The organization formed in 1992 between the members of the European Union and the members of the European Free Trade Association (EFTA) except Switzerland. The EEA was intended to come into force in 1993, with the single market of the EU, but …   Big dictionary of business and management

  • European Economic Area — /ˌjυərəpi:ən i:kənɒmɪk eərɪə/ an area comprising the countries of the EU and the members of EFTA, formed by an agreement on trade between the two organisations. Abbreviation EEA …   Dictionary of banking and finance

  • European Economic Area — …   Википедия

  • European Economic Area Family Permit — A European Economic Area Family Permit (short: EEA family permit) is an immigration document that permits the holder to enter the United Kingdom as the dependant of a citizen of the European Economic Area (EEA). The documents are not… …   Wikipedia

  • European Economic Area Family Permit — Die European Economic Area Family Permit Abk. EEA Family Permit (deutsch: Einreiseerlaubnis für Familienangehörige von Staatsangehörigen der Staaten des Europäischen Wirtschaftsraums) ist die vom Vereinigtem Königreich vergebene Einreiseerlaubnis …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”