Society, economy & sport

Founding of European Free Trade Association

4 January 1960

The European Free Trade Association was set up by the Stockholm Convention as an alternative to the European Economic Community for countries that did not want political integration. The original members were the United Kingdom, Austria, Denmark, Norway, Portugal, Sweden and Switzerland, and it aimed to remove trade barriers on industrial goods among its members. Many early members later left to join the European Community, and today the association consists of Iceland, Liechtenstein, Norway and Switzerland. Its headquarters are in Geneva. Three of its members take part in the European single market through the European Economic Area agreement, while Switzerland has bilateral agreements with the EU.

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