Since the early 1990s, the European Free Trade Association has established an extensive network of free trade contractual relationships around the world. The objective of EFTA`s third country policy is to safeguard the economic interests of its Member States, to support and strengthen the process of European and interregional integration and to contribute to global efforts to liberalise trade and investment. Since 1995, there have been only two founding members, namely Norway and Switzerland. The other five, Austria, Denmark, Portugal, Sweden and the United Kingdom, joined the EU in the coming years. The original Stockholm Convention was replaced by the Vaduz Convention, which aimed to create an effective framework for further expansion and liberalisation of trade both between the Organisation`s Member States and with the rest of the world. With the aim of contributing to a world open to trade, EFTA commits itself in its free trade agreements to recognise all dimensions of sustainable development, such as. B protection of the environment, labour and human rights. The European Free Trade Association (EFTA) is a regional trade organisation and free trade area composed of four European countries: Iceland, Liechtenstein, Norway and Switzerland. [3] The organisation works in parallel with the European Union (EU) and the four Member States participate in the European internal market and are part of the Schengen area. [4] However, they are not parties to the Customs Union of the European Union. Switzerland is not part of the EEA agreement, but has a number of bilateral agreements with the EU. For more information on these agreements, please visit the website of the European Commission and the website of the Swiss Federal Administration.

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