Entity: EEA
The European Economic Area (EEA) is a free-trade zone established in 1994 that includes EU members and some European Free Trade Association states, allowing for the free movement of goods, persons, services, and capital.
EEA
Etymology
The European Economic Area (EEA) was established through the Agreement on the European Economic Area.
Definition
The EEA is a regional economic integration organization that extends the European Union's single market to member states of the European Free Trade Association (EFTA).
Historical Context
Established in 1994, the EEA aimed to create a single European market by allowing for the free movement of goods, persons, services, and capital among participating countries.
Cultural Significance
The EEA promotes economic cooperation and trade among its member states, fostering growth and development within the region.
Related Concepts
The EEA is closely related to the European Union (EU) and the European Free Trade Association (EFTA), as it includes members from both organizations.
See Also
A regional economic integration organization that extends the European Union's single market to member states of the European Free Trade Association.