A free trade area made up of countries in Europe that did not join the European Economic Community. EFTA was established in 1960 among Austria, Denmark, Norway, Portugal, Sweden, Switzerland, and the United Kingdom. As of 2000 it includes Iceland, Liechtenstein, Norway, and Switzerland.
A free trade zone including many non-EU countries in Europe. Members include Austria, Finland, Iceland, Norway, Sweden, and Switzerland.
Founded in 1960, EFTA aims at supporting free trade among its members and increasing the liberalization of trade on a global basis, particularly within Western Europe. In 1995 the organization's member states were Iceland, Liechtenstein, Norway, and Switzerland.