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Created in 1994, the European Economic Area (EEA) combines the countries of the European Union (EU) and member countries of the European Free Trade Association (EFTA) to facilitate participation in the European Market trade and movement without having to apply to be one of the EU member countries. The EEA is an agreement among the European Union and its 28 other members. By the help of this agreement or rather, with the implementation of this agreement in the European Union, people, goods, capitals and services can be moved from one of the European Union Nation to another without any problem. The EEA was set up in the year 1994, with the agreement between all the states and the formers of EU, the European Economic Community. As of now, Croatia is the latest country to sign in the agreement stated.
The EEA has been a real help to the traders and the businessmen of the nations of EU and the other members.
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