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European Economic Area
(EEA)
Definition
An agreement that extends the European Union's (EU) single market to non-EU countries, specifically Norway, Iceland, and Liechtenstein. It allows these countries to participate in the EU's internal market, including the free movement of goods, services, people, and capital, while also adhering to relevant EU regulations and standards. The EEA aims to promote economic integration and cooperation between EU and EEA member states.
Additional Notes
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