european free trade association

listen to the pronunciation of european free trade association
English - Turkish
(Avrupa Birliği) (EFTA) Avrupa Serbest Ticaret Birliği (EFTA)
English - English
EFTA, organization of several European nations that was founded in 1960 in order to encourage free trading between member nations and later (in 1994) to promote a common economy
International organization whose purpose is to remove barriers to trade in industrial goods among its members. The EFTA's current members are Iceland, Liechteinstein, Norway, and Switzerland. It was formed in 1960 by Austria, Denmark, Norway, Portugal, Sweden, Switzerland, and Britain as an alternative to the European Economic Community (EEC). Some of those countries later left the EFTA and joined the EEC. In the 1990s Iceland, Liechtenstein, and Norway joined the European Economic Area, which also included all members of the European Union. Each country in the EFTA maintains its own commercial policy toward countries outside the group
European countries not part of the European Union but having no internal tariffs
An international organization with four member countries: Iceland, Liechtenstein, Norway, and Switzerland The purpose of EFTA is to monitor and manage relationships among the EFTA states
Austria, Finland, Iceland, Liechtenstein, Norway, Sweden, Switzerland
A regional trade organization that aims to bring about free trade in industrial goods and an expansion of trade in agricultural goods between its member countries and to contribute to the liberalization and expansion of world trade
A regional flee trade area established in 1958 concerned with eliminating tariffs on manufactured goods and agricultural products that originate in and are traded among member countries Most agricultural products are not subject to EFTA schedule tariff reductions Members include Austria, Finland, Iceland, Norway, Sweden, and Switzerland
A free trade zone including many non-EC countries in Europe Members include Austria, Finland, Iceland, Norway, Sweden, and Switzerland
A free trade zone including many non-EU countries in Europe Members include Austria, Finland, Iceland, Norway, Sweden, and Switzerland
Set up in 1960 to encourage free trade between member countries p 88
EFTA
european free trade association

    Hyphenation

    Eu·ro·pe·an free trade as·so·ci·a·tion

    Turkish pronunciation

    yûrıpiın fri treyd ısōsieyşın

    Pronunciation

    /ˌyo͝orəˈpēən ˈfrē ˈtrād əˌsōsēˈāsʜən/ /ˌjʊrəˈpiːən ˈfriː ˈtreɪd əˌsoʊsiːˈeɪʃən/
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