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European Economic Area — latest news, discussion & facts — IJR

European Economic Area

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European Economic Area

area of the European Union's internal market and some of EFTA states established in 1994

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About European Economic Area

The European Economic Area (EEA) is an international agreement that extends the common market of the European Union to three non-EU states: Norway, Iceland, and Liechtenstein. The EEA was established on 1 January 1994 upon entry into force of the Agreement on the European Economic Area. Governed by European law, the area aims to enable free movement of persons, goods, services, and capital within the European common market, including the freedom to choose residence in any country within this area.

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