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The treaty was signed on January 4, 1960 in Stockholm. Today only Iceland, Norway, Switzerland and Liechtenstein remain members of EFTA.
Its original membership was United Kingdom, Denmark, Norway, Sweden, Austria, Switzerland and Portugal.
FinlandSuomen TasavaltaRepubliken Finland ( In Detail) ( In Detail) National motto: None Official languages Finnish and Swedish Capital Helsinki President Tarja Halonen Prime minister Matti Vanhanen Area Total % water Ranked 64th 337,030 kmē 9. 4% Population Tot became an associate member in 19611961 (As MAD Magazine pointed out on its first cover for the year) was the first "upside-down" year i. one that looked the same upside down since 1881, and the last until 6009. Events January January 1 The farthing coin, used since the 13th century, cease (it later became a full member in 19861986 is a common year starting on Wednesday. Events January January 1 Spain and Portugal enter the European Community January 1 Aruba gains increased autonomy from the Netherlands and is separated from the Netherlands Antilles. January 9 After losing a pa), and Iceland joined in 1970Events January events January 1 Construction begins on Arcosanti, by Paolo Soleri, in Mayer, Arizona, located 65, miles north of Phoenix, Arizona. January 1 Unix epoch at 00:00:00 UTC. January 12 Biafra capitulates, ending the Nigerian civil war. January. The United Kingdom, Denmark and Ireland joined the European Community in 1973Events January events January 1 United Kingdom, Ireland, and Denmark enter the European Economic Community now known as the European Union January 3 Columbia Broadcasting System (CBS) sells the New York Yankees for $10 million to a 12-person syndicate led, and hence ceased to be EFTA members. Portugal also left EFTA for the European Community in 1986. Liechtenstein joined in 1991 (previously its interests in EFTA had been represented by Switzerland). Finally, Austria, Sweden and Finland joined the European Community in 1995 and hence ceased to be EFTA members.EFTA has the following instititutions: the Secretariat, the EFTA Council, the EFTA Surveillance Authority, and the EFTA Court.
The EFTA Surveillance Authority and the EFTA Court regulate the activities of the EFTA members in respect of their obligations in the European Economic Area (EEA). Since Switzerland is not an EEA member, it does not participate in these institutions.
The EFTA Surveillance Authority performs the European Commission's role as "guardian of the treaties" for the EFTA countries, while the EFTA Court performs the European Court of Justice's role for those countries.
The original plan for the EEA lacked the EFTA Court or the EFTA Surveillance Authority, and instead had the European Court of Justice and the European Commission were to exercise those roles. However, during the negotiations for the EEA agreement, the European Court of Justice informed the Council of the European Union by way of letter that they considered that giving the EU institutions powers with respect to non-EU member states would be a violation of the treaties, and therefore the current arrangement was developed instead.