EU WS1

EU Law WS1 Preparation- 

THE EU - The European Union (EU) is a group of 28 countries that operates as a cohesive economic and political block. Nineteen of the countries use the euro as their official currency. The EU grew out of a desire to form a single European political entity to end the centuries of warfare among European countries that culminated with World War II, which decimated much of the continent. The European Single Market was established by 12 countries in 1993 to ensure the so-called four freedoms: the movement of goods, services, people and money.

EEA- European Economic Area, a free-trade zone created in 1994, composed of the states of the European Union together with Iceland, Norway, and Liechtenstein.

The European Economic Area is the area in which the Agreement on the EEA provides for the free movement of persons, goods, services and capital within the European Single Market, including the freedom to choose residence in any country within this area. The EEA was established on 1 January 1994 upon entry into force of the EEA Agreement.

EFTA-  (Economics) European Free Trade Association; established in 1960 to eliminate trade tariffs on industrial products; now comprises Norway, Switzerland, Iceland, and Liechtenstein. Free trade was established between EFTA and the EC (now EU) in 1984. In 1994 EFTA (excluding Switzerland) and the EU together created the European Economic Area (EEA)

Schengen-  an intergovernmental agreement on…