Practical Law UK Glossary 4-107-6558 (Approx. 3 pages)
Glossary
European Free Trade Association (EFTA)
Intergovernmental organisation founded in 1960 to promote free trade and economic integration between its member states. Today, the EFTA member states are Iceland, Liechtenstein, Norway and Switzerland.
EFTA has three main tasks:
Maintaining and developing the EFTA Convention, which regulates economic relations between the four EFTA member states.