Free Trade Agreement Efta

As regards competition (Articles 51 to 55 of Chapter IV), the Agreement lays down provisions on cooperation and exchange of information with a view to ensuring and facilitating the application of the competition law of the Parties. Since the early 1990s, the European Free Trade Association has established an extensive network of free trade contractual relationships around the world. The objective of EFTA`s third country policy is to safeguard the economic interests of its Member States, to support and strengthen the process of European and interregional integration and to contribute to global efforts to liberalise trade and investment. Citizens of the EFTA States enjoy free movement in the territory of the other, in accordance with the EFTA Convention. [54] EFTA nationals also enjoy free movement within the European Union (EU). EFTA nationals and EU citizens are not only exempt from the visa requirement, but they also have the right to enter and stay in the countries of the other country. The Citizens` Rights Directive[55] (sometimes referred to as the “Free Movement Directive”) defines the right to free movement of citizens of the European Economic Area (EEA), which includes the three EFTA members, Iceland, Norway and Liechtenstein, as well as the EU Member States. Switzerland, which is a member of EFTA but not of the EEA, is not bound by the directive, but has a separate bilateral agreement on the free movement of persons with the EU. In addition to the bilateral technical cooperation of the Member States, EFTA offers technical cooperation to help our partner countries harmonise their legal framework and implement the rules in force to facilitate trade.

This assistance is provided within the framework of the EEA Agreement and existing free trade agreements. In some cases, EFTA also offers technical cooperation to potential free trade partners. The objectives of the Agreement (Article 1) include the progressive liberalization of trade in goods in accordance with Article XXIV of the GATT and the liberalization of trade in services in accordance with Article V of the GATS. It is therefore a second-generation free trade agreement, provided that it includes, in addition to trade in goods, trade in services, investment and public procurement. The free trade agreement covers trade in industrial products, fish and marine products. In addition, bilateral agricultural agreements have been concluded between the various EFTA countries and Mexico, which are part of the instruments for the creation of the free trade area. .