European Free Trade Association 3
European Free Trade Association 3 : EFTA is a regional organization established in December 1959 by the Stockholm Convention as an alternative to the Common Market. EFTA was designed to provide a free trade area for industrial products among member countries. In contrast with the EC, EFTA does not have a common external tariff and nor a common agricultural trade policy. Original EFTA members included the United Kingdom, Austria, Denmark, Norway, Portugal, Sweden, and Switzerland. The UK, Denmark, and Portugal left the Association when they joined the EC. EFTA currently has seven members: Austria, Finland, Iceland, Liechtenstein, Norway, Sweden, and Switzerland -- Austria and Sweden have applied for EC membership. Association headquarters are in Geneva, Switzerland
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