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European Free Trade Association: Difference between revisions
European Free Trade Association (view source)
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{{tag|European Free Trade Association}} — euro-refuseniks, numbering amongst them {{tag|Iceland}}, {{tag|Norway}}, {{tag|Switzerland}}, {{tag|Liechtenstein}} — and possibly soon to be ''the [[UK]]''? This would be a dramatic getting-back-together of the band, since UK was a founding member of the EFTA back in 1960. The [http://www.efta.int/legal-texts/efta-convention EFTA Convention] governs intra-EFTA trade, and EFTA also has free trade agreements with third countries, including the EU, though that FTA has somewhat withered in the vine, and the EFTA members have all done their own thing. | {{a|mifid2|}}{{tag|European Free Trade Association}} — euro-refuseniks, numbering amongst them {{tag|Iceland}}, {{tag|Norway}}, {{tag|Switzerland}}, {{tag|Liechtenstein}} — and possibly soon to be ''the [[UK]]''? This would be a dramatic getting-back-together of the band, since UK was a founding member of the EFTA back in 1960. The [http://www.efta.int/legal-texts/efta-convention EFTA Convention] governs intra-EFTA trade, and EFTA also has free trade agreements with third countries, including the EU, though that FTA has somewhat withered in the vine, and the EFTA members have all done their own thing. | ||
[[EFTA]] is like a gateway drug to the [[EEA]], because to get in that club, you first have to (cough ... ''re'')join [[EFTA]]. All of the EFTA Member States bar [[Switzerland]] are also members of the EEA. | [[EFTA]] is like a gateway drug to the [[EEA]], because to get in that club, you first have to (cough ... ''re'')join [[EFTA]]. All of the EFTA Member States bar [[Switzerland]] are also members of the EEA. | ||
Switerland has a series of bilateral agreements with the EU. | Switerland has a series of bilateral agreements with the EU. | ||
EU directives and regulations marked as having “[[Text with EEA relevance]]” apply to the EEA members of EFTA, and sometimes to Switzerland too, though the precise reasons and basis for that are sometimes hard to fathom. | |||
{{sa}} | {{sa}} | ||
*[https://brexit.law/2016/07/06/efta-and-the-eea-what-are-they/ A much more plausible summary of the above from Brick Court Chambers, with fewer jovial references to ''The Blues Brothers'', drugs etc] | *[https://brexit.law/2016/07/06/efta-and-the-eea-what-are-they/ A much more plausible summary of the above from Brick Court Chambers, with fewer jovial references to ''The Blues Brothers'', drugs etc] | ||