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The European Economic Area (eea) and the European Free Trade Association (efta)

The European Economic Area (EEA) now unites 27 Member States and three of the four EFTA States (Iceland, Liechtenstein and Norway; Switzerland having voted to stay out) 1 an internal market governed 2 the same basic rules as the Union's internal market. The agreement establishing the EEA was signed in Oporto on May 2, 1992 3 the seven EFTA countries and the "European Community" and their Member States. It became effective in 1994. The EEA agreement establishes an integrated structure based 4 common rules and equal conditions of competition 5 the necessary means to implement it. The free movement of goods, persons, services, capital and payments is achieved 6 existing Union legislation as it has evolved 7 the years (acquis communautaire). 8 the basic freedoms, the EEA Agreement provides 9 co-operation in areas that are directly relevant 10 the economic activity, such as research and development, social policy, social security, consumer protection, the environment, statistics, and company law. It also includes surveillance and enforcement rules.

The European Free Trade Association (EFTA) was established in 1960. Most 11 the original EFTA members are now Union Member States; the present EFTA members are Iceland, Liechtenstein, Norway and Switzerland. EFTA is served 12 three institutions: the EFTA Secretariat, the EFTA Surveillance Authority and the EFTA Court.

by; of; to; for; in addition to; over ; on the basis of ; together with; on; between; by; into

  1. There are 30 Member States in the EEA.

  2. The EEA is governed by the same rules as the Union’s internal market.

  3. The agreement setting up the EEA came into force in 1990.

  4. The EEA agreement promotes competition between the members.

  5. The Union legislation provides for the free movement of capital.

  6. The agreement provides for co-operation on consumer protection.

  7. EFTA was established as a result of signing the EEA agreement.

  8. EFTA is served by five institutions.

Exercise 6. Read the text. Use the words in the box on the right to form one word that fits in the gap.

The Treaty of Amsterdam

The Treaty __________ that one year before the EU membership exceeds 20 States, a conference of ___________ of the governments of the Member States shall carry out a

Provision

Representation

comprehensive review of the _____________ and functioning

Compose

of the institutions. Nothing has come of this either.

The Treaty of Amsterdam ___________ into force on May 1, 1999.

Entrance

Exercise 7. Read the text and fill in the gaps with the appropriate words from the box. Then answer the questions below the text.

succeeded drafters complete amends inserting function signed

establishing