European Economic Area

noun

a free-trade area created in 1994 by an agreement between the European Free Trade Association (EFTA), excluding Switzerland, and the European Union (EU) EEA

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Example Sentences

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The UK had the fifth highest number of people claiming asylum in the EU and European Economic Area in the year ending June 2024.

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According to an email LinkedIn sent to its users last year, it has not enabled user data sharing for AI purposes in the UK, the European Economic Area and Switzerland.

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The tool will be accessible for people 18 or older where ChatGPT is available, except for in the United Kingdom, Switzerland and countries in the European Economic Area.

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The subscription model is exclusive to people in the EU, European Economic Area and Switzerland, and is not available in the UK.

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The fees apply to less than 2% of UK card payments - cardholders in the European economic area buying online from a UK seller - "and reflect the fact that these transactions are more complex and carry far greater risk of fraud," they added.

From

European Currency Unit European Economic Community

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