This document is an excerpt from the EUR-Lex website
Glossary of summaries
EUROPEAN ECONOMIC AREA (EEA)
The European Economic Area (EEA) comprises:
The EEA was established by the EEA Agreement which enables the 3 EFTA countries to participate fully in the EU’s single market. It covers the 4 freedoms — the free movement of goods, capital, services and persons — as well as competition and State aid rules, and other areas related to the 4 freedoms.
It also guarantees equal rights and obligations within the single market for citizens and businesses throughout the EEA. It entered into force on 1 January 1994.
The EEA Agreement does not cover the following:
The EEA’s management is shared between the EU and the 3 EFTA countries.