The EUROPEAN FREE TRADE ASSOCIATION (EFTA) was created by a convention agreed to at Stockholm on 20 November 1959 (signed on 4 January 1960 and effective 3 May 1960) among the so-called "Outer 7" (as opposed to the "Inner 6" of the European Economic Community's "Common Market")- these being Austria, Denmark, Norway, Portugal, Sweden, Switzerland and the United Kingdom. After failing to create a free economic zone involving all 13 countries (the "Inner 6" plus the "Outer 7"), negotiations for same largely breaking down over EEC members' insistence on a common external tariff to protect its "Common Market", the "Outer 7" formed EFTA as a means to maintain a common front in any future negotiations with the EEC. Unlike the "Common Market", EFTA was principally intended to only foster the eventual elimination of trade barriers involving certain (mostly non-agricultural) goods. Later in its history, EFTA became a vehicle for resisting the EEC (and, later, the descendant European Union)'s push for the closer- where not also complete- economic and political integration of free Europe (although quite a few EFTA members did end up joining what is now the EU); nevertheless, in 1992 (as the EEC began to transmogrify into the EU via the Maastricht Treaty), the remaining EFTA countries did agree to form a single free economic zone with the nascent EU, allowing for the free flow of goods and services, between the Member-States of both organizations. The table below lists the members of EFTA over time (as well as the date, and reason, for a Member-State's withdrawal from EFTA). The term original signatory refers to those "Outer 7" countries that had originally formed EFTA back in 1960: of these, only Norway and Switzerland have been continuous members of the organization from its inception (Norway has, twice, rejected membership in the EEC become EU by referendum). |
EFTA Member-State | Date of EFTA Membership | Date of (and reason for) Withdrawal from EFTA |
AUSTRIA | original signatory | 1 January 1995 [joined the EU] |
DENMARK | original signatory | 1 January 1973 [joined the EEC] |
FINLAND | 1 January 1986 | 1 January 1995 [joined the EU] |
ICELAND | 1970 | |
LIECHTENSTEIN | 22 May 1991 | |
NORWAY | original signatory | |
PORTUGAL | original signatory | 1 January 1986 [joined the EEC] |
SWEDEN | original signatory | 1 January 1995 [joined the EU] |
SWITZERLAND | original signatory | |
UNITED KINGDOM [GREAT BRITAIN] | original signatory | 1 January 1973 [joined the EEC] |