Economic Relationship among EFTA Nations
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Switzerland and Iceland have had bilateral relations since 1951. The economic relations between the two countries have been going on for a fair amount of time now as both the countries have been members of the European Free Trade Association. Organizations like the Council of Europe and the Organization for Security and Co-operation in Europe have played important roles in this context as well. There has not been too much of trade between the two countries though.
Switzerland however, has had more trade with Liechtenstein as both the countries have adopted the necessary economic measures that are needed to succeed in these activities.
These organizations are supposed to judge the trade activities of Ireland, Liechtenstein and Norway in the context of the EEA or the European Economic Area. Switzerland is not a member of the European Economic Area and hence does not come under the jurisdiction of these organizations. The EFTA Surveillance Authority performs in a controlling capacity as far as the economic treaties between these countries are concerned. The EFTA Court’s powers are judicial in nature.