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 common goal of 22 million Afro-Americans is respect as human beings, the God-given right to be a human being. Our common goal is to obtain the human rights that America has been denying us. We can never get civil rights in America until our human rights are first restored. We will never be recognized as citizens there until we are first recognized as humans.
    Malcolm X (1925–1965)

    The parent who loves his child dearly but asks for nothing in return might qualify as a saint, but he will not qualify as a parent. For a child who can claim love without meeting any of the obligations of love will be a self-centered child and many such children have grown up in our time to become petulant lovers and sullen marriage partners because the promise of unconditional love has not been fulfilled.
    Selma H. Fraiberg (20th century)