English version

European Economic Area

From Longman Business DictionaryEuropean Economic AreaˌEuropean ˌEconomic ˈArea nounCOMMERCE an area in which goods and services can be traded freely, formed in 1993 by the countries of the EUROPEAN UNION with Norway and IcelandNorway’s membership of the European Economic Area will continue to provide the main resource for export trade and access to the single market.
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