- EFTA
- European Free Trade Association - members of EFTA are: Iceland; Norway; Liechtenstein and Switzerland. HM Customs & Revenue Glossary
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EFTA EFTA [ˈeftə]abbreviation for European Free Trade Association* * *
The European Free Trade Association has its headquarters in Geneva and comprises Iceland, Norway, Switzerland and Liechtenstein. It promotes free trade within its members' borders and has a customs union with the European Union.■ www.efta.int ■► See also EU.* * *
EFTA UK US noun COMMERCE► ABBREVIATION for European Free Trade Association: an organization that includes the governments of Iceland, Norway, Switzerland, and Liechtenstein, and whose purpose is to encourage those countries' trade: »Scottish exports to the European Union account for 58% of total exports and EFTA for 12% of the total.
Financial and business terms. 2012.