Meaning of European Free Trade Association

Europe'an Free' Trade' Associa"tion

Pronunciation: [key]
  1. an economic association established in 1960 and originally composed of Austria, Denmark, Britain, Norway, Portugal, Sweden, and Switzerland, that maintains free trade in industrial products among member countries. Abbr.: EFTA
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.