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Consider the following countries:
1. Iceland
2. Turkey
3. Finland
4. Norway
5. Switzerland
1. Iceland
2. Turkey
3. Finland
4. Norway
5. Switzerland
Which of the countries given above is/are not part of the European Economic Area (EEA)?
- a)1 and 3 only
- b)1, 2, 4 and 5only
- c)2 and 5only
- d)2 and 3 only
Correct answer is option 'C'. Can you explain this answer?
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Consider the following countries:1.Iceland2.Turkey3.Finland4.Norway5.S...
- The European Economic Area (EEA) The EEA includes EU countries and also Iceland, Liechtenstein and Norway. It allows them to be part of the EU‘s single market.
- The EEA Agreement guarantees equal rights and obligations within the internal market for individuals and economic operators in the EEA. It provides for the inclusion of EU legislation covering the four freedoms — the free movement of goods, services, persons and capital — throughout the 31 EEA States. In addition, the Agreement covers cooperation in other important areas such as research and development, education, social policy, the environment, consumer protection, tourism and culture, collectively known as―flanking and horizontal‖policies. The Agreement guarantees equal rights and obligations with in the Internal Market for citizens and economic operators in the EEA. The EEA Agreement also states that when a country becomes a member of the European Union, it shall also apply to become party to the EEA Agreement (Article 128), thus leading to an enlargement of the EEA.
- The European Union (EU) is an economic and political union of 28 countries. It operates an internal (or single) market which allows free movement of goods, capital, services and people between member states.
- EU countries:
The EU countries are: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the UK. - Switzerland is neither an EU nor EEA member but is part of the single market - this means Swiss nationals have the same rights to live and work in the UK as other EE Anationals.
- Turkey is also not a member of EU or EEA.
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Consider the following countries:1.Iceland2.Turkey3.Finland4.Norway5.SwitzerlandWhich of the countries given above is/are not part of the European Economic Area (EEA)?a)1 and 3 onlyb)1, 2, 4 and 5onlyc)2 and 5onlyd)2 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?
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