What Does EFTA Stand For?

EFTA stands for European Free Trade Association

The European Free Trade Association (EFTA) is a regional trade organization and free trade area established in 1960 to promote free trade and economic integration among its member states. EFTA consists of four member countries: Iceland, Liechtenstein, Norway, and Switzerland. It aims to facilitate trade in goods and services, enhance economic cooperation, and support the development of effective trade policies. EFTA also maintains a network of trade agreements with various countries and regions, contributing to its members' economic growth and competitiveness in the global market.