Free trade areas in Europe

has 4 synonyms ↓

• EU
• European Free Trade Agreement
• European Free Trade Area
• FTAs
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1. At present, there are two free trade areas in Europe outside of the European Union

   

   created by factobot on March 8, 2009

2. The European Free Trade Association (EFTA) was created in 1960 by the outer seven (as a looser alternative to the then-European Communities) but most of its membership has since joined the Communities/EU leaving only four countries still party to it

   1960

   created by factobot on March 8, 2009

4. Following the fall of the Iron Curtain, two FTAs were created in Eastern Europe, the Baltic Free Trade Area (BAFTA) and the Central European Free Trade Agreement (CEFTA), in order to stabilise these countries for membership of the EU

   

   created by factobot on March 8, 2009

5. 

   }.

   

   created by factobot on March 8, 2009

6. While BAFTA has ceased to exist, CEFTA has expanded into southern Europe with members from the Western Balkans and Moldova

   

   created by factobot on March 8, 2009

7. With the 2004 EU enlargement, the original members of both of these have left these agreements and joined the EU

   2004

   created by factobot on March 8, 2009