The European Free Trade Association (EFTA)

The European Free Trade Association (EFTA) is an organization of countries that work together to use free trade for the benefit of all in the group.

It was created in 1960 by cool kids Austria, Denmark, Norway, Portugal, Sweden, Switzerland and the United Kingdom. Later more joined, and after that, more left for the European Union. Today, only four remain, including two OGs (Norway and Switzerland) and two newbs (Iceland and Liechtenstein).

The main thing the EFTA does today is manage the European Economic Area Agreement, which means basically trade deals with the European Union via Switzerland’s bilateral trade treaties. They also have trade deals with other countries in Asia and the Americas, too.