European Economic Area

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European Economic Area (EEA)

an alliance established in 1991 between. the member countries of the EUROPEAN UNION -and the EUROPEAN FREE TRADE ASSOCIATION (EFTA). The EEA's aim is to extend the EU's ‘single market freedoms’ in the flow of goods, services, capital and labour to include EFTA countries will adopt the harmonization directives currently being implemented under the SINGLE EUROPEAN ACT 1986.

European Economic Area (EEA)

a FREE TRADE alliance established in 1991 between the member countries of the EUROPEAN UNION (EU) and the EUROPEAN FREE TRADE ASSOCIATION (EFTA). The EEA's aim is to extend the EU's four ‘single market freedoms’ in the flow of goods, services, capital and labour to include EFTA. EFTA countries have adopted the harmonization directives being implemented under the SINGLE EUROPEAN ACT 1986.
References in periodicals archive ?
be interpreted in conformity with the relevant rulings of the Court of Justice") for the period prior to the signing of the EEA Agreement (2 May 1992) and, on the other hand, required "to pay due account" to the principles laid down by the relevant Court of Justice rulings rendered after that date.
While relations with the European Union henceforth were defined by the EEA Agreement and a separate Swiss agenda, third-country relations emerged as a new common theme for the four remaining EFTA countries.
The acts to be incorporated into the EEA Agreement are the ESAs Regulations (EBA, EIOPA and ESMA Regulations), the European Systemic Risk Board Regulation, the Alternative Investment Fund Managers Directive and related Delegated Acts, the Short Selling Regulation and related delegated acts, the European Markets Infrastructure Regulation ('EMIR') and the Credit Ratings Agency Regulations.
The last few years have seen renewed interest in the EEA Agreement.
The EEA Agreement calls for the constant revision and update of Icelandic law to ensure the country is in line with the laws and regulations on the European Single Market, as dictated by the EU.
Bill Jamieson, the executive editor of The Scotsman, has accepted that 'the problem with the EEA agreement is that it obliges countries to accept laws and regulations it does not like'.
Norway will also have closer ties to Poland through the EEA agreement, Bondevik said.
Two Decisions to amend the current EEA Agreement were adopted by the EU Justice and Home Affairs Council on October 29.
The purpose of this Undertaking, which applies to conduct involving at least one country within the European Economic Area (the "EEA"), is to assist the Commission of the European Communities ("the Commission") in satisfying itself that Article 86 of the EC Treaty and Article 54 of the EEA Agreement are not infringed.
Additional Information: Candidates or tenderers which are established in the territory of another Contracting Party to the EEA Agreement or Switzerland, are explicitly to the possible need for a regulatory decision on the admissibility of the exercise of an activity in Austria, as well as the obligation, a fact directed to initiate proceedings immediately pointed.
The Liechtenstein Government highlights, above all, the benefits of access to the EU Single Market and the legal certainty provided by the EEA Agreement.
Etablissements Rimbaud brought several legal actions, arguing that this provision infringes Article 40 of the EEA agreement, which bans restrictions on the free movement of capital and discrimination based on nationality or residence.