European Economic Area - Rights and Obligations

Rights and Obligations

The EEA is based on the same "four freedoms" as the European Community: the free movement of goods, persons, services, and capital among the EEA countries. Thus, the EFTA countries that are part of the EEA enjoy free trade with the European Union.

As a counterpart, these countries have to adopt part of the Law of the European Union. These states have little influence on decision-making processes in Brussels.

The EFTA countries that are part of the EEA do not bear the financial burdens associated with EU membership, although they contribute financially to the European single market. After the EU/EEA enlargement of 2004, there was a tenfold increase in the financial contribution of the EEA States, in particular Norway, to social and economic cohesion in the Internal Market (€1167 million over five years).

EFTA countries do not receive any funding from EU policies and development funds.

Read more about this topic:  European Economic Area

Famous quotes containing the words rights and/or obligations:

    ... the structure of our public morality crashed to earth. Above its grave a tombstone read, “Be tolerant—even of evil.” Logically the next step would be to say to our commonwealth’s criminals, “I disagree that it’s all right to rob and murder, but naturally I respect your opinion.” Tolerance is only complacence when it makes no distinction between right and wrong.
    Sarah Patton Boyle, U.S. civil rights activist and author. The Desegregated Heart, part 2, ch. 2 (1962)

    Whoever takes a view of the life of man ... will find it so beset and hemm’d in with obligations of one kind or other, as to leave little room to suspect, that man can live to himself: and so closely has our creator link’d us together ... that we find this bond of mutual dependence ... is too strong to be broke.
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