The slow pace of Brexit negotiations, and lack of clarity from Theresa May’s government on what its preferred trade arrangements with the bloc should be, has put membership of the European Free Trade Association (EFTA) back on the table as a possible ‘halfway house’ measure.
Honour on both sides of the Channel may have been satisfied, for now. The EU has a promise from London that it will pay around €40 billion and sufficient guarantees on the rights of EU citizens and the Irish border. And Prime Minister Theresa May has a commitment from Brussels to begin talks on a successor EU-UK trade deal.
One of the main proponents of British membership of the European Free Trade Association (EFTA) - a possible option for the UK's post-Brexit trade regime - quit on Wednesday (15 November) after 14 years at the helm of EFTA’s court.
To manage Brexit and prepare for what is to come, Andrew Duff argues for the creation of a new joint EU-UK court to settle the disputes that a joint EU-UK authority cannot resolve politically or technically.
The court of the European Free Trade Area (EFTA) could present a way-out for Britain as it seeks a new authority to arbitrate in disputes after it leaves the European Union, the president of the court said on Monday (21 August).
Iceland's centre-right Independence, Reform and Bright Future parties have agreed to form a coalition government and will give parliament a vote on whether to hold a referendum on joining the European Union.
Iceland could hold a referendum on joining the EU if new negotiations on forming a coalition government are successful, the head of one of the three parties involved in the political talks said today (2 January).
Imitation may be the most sincere form of flattery. But it is doubtful if anyone in Switzerland is thanking the City and big bank spin doctors who have come up with the idea that London should seek a Swiss-style relationship with Europe once Brexit is fully consummated, writes Denis MacShane.
A major contributor to the European Fund for Strategic Investments (EFSI) and the main beneficiary of the Juncker Plan, a post-Brexit United Kingdom will have to learn to live without EU investment. EURACTIV France reports.
Although Norway is not an EU member, it has agreed on a voluntary contribution of €2.8 billion to promote economic and social cohesion in poorer Eastern European countries. “It’s a win-win situation,” explains Elisabeth Aspaker who adds: “It’s not a rule that we should get something back."
None of the countries that are members of European Free Trade Association (EFTA) are implementing EU rules fast enough. But Norway has 'improved remarkably', says the ESA, the body that oversees its implementation on behalf of EFTA.
The Transatlantic Trade and Investment Partnership (TTIP) offers the prospect of economic growth and job creation on both sides of the Atlantic, but should not be agreed to without transparent and proactive engagement of all stakeholders, writes Diogo Pinto.
Britain's economy could grow by 1.3 billion pounds if it left the European Union due to less regulation and more trade with emerging economies, acccording to a British diplomat who dreamt up a blueprint for the country's EU exit.
Norway is failing to live up to its obligations as a member of the European Economic Area (EEA), including imposing extra taxes on EU products and not implementing more than 400 directives, according to an EU report to be published later this year.
Even though the European Commission's antitrust control spans beyond EU and EFTA borders, it lacks the enforcement capabilities which are potentially available to member states, such as criminal sanctions for cartel members, says Mario Mariniello.
SPECIAL REPORT / Countries in the 50-year-old European Free Trade Association (EFTA) seem to be more successful at striking free trade deals with third countries than the EU. But the ambitious second-generation agreements lately negotiated by Brussels might tell a different story.
A new study commissioned by the Norwegian Foreign Ministry shows economic links to the EU have a “huge democratic deficit”, paving the way for a reshuffling of Norway’s agreements through the European Economic Area (EEA) at a time fellow member Iceland is holding EU accession talks.
Switzerland has defended its relationship with the European Union after facing some strongly-worded criticism from EU foreign ministers, who called the current bilateral setup ''unwieldy'' and ''incoherent''.
Between now and early April at the latest, the EU and the three other members of the European Economic Area (EEA) must come to terms over trade issues that result from the Union's scheduled 2004 enlargement.