EEA Treaty financial definition of EEA Treaty
European Economic Area (redirected from EEA Treaty)
Also found in: Dictionary
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.
References in periodicals archive
The EEA Treaty
, once negotiated, came into effect on 1 January 1994.
Overall, competition is expected to be greatly strengthened as a result of the EEA treaty and more active competition policies.
This will remain practically unaffected by the implementation of the EEA treaty.