It brings together the 28 EU member states and the three EEA Efta states Norway, Iceland and Liechtenstein in … The European Economic Area (EEA) Agreement and the European Union (EU) are not the same thing. ensure homogeneity of the ensemble. Only three of the four countries that belong to … To maintain homogeneity, the EEA Agreement is continuously updated and amended to ensure that the legislation of the EEA EFTA states is in line with EU Single Market legislation. The Agreement on the European Economic Area (EEA) is the cornerstone of relations between Norway and the EU. "3 Article 101(3), 4 Article 53(3) of the EEA Agreement" published on by Oxford University Press. (9) Budgetary issues are not part of the EEA Agreement. It allows the EEA EFTA States (Norway, Iceland and Liechtenstein) to participate in the Internal Market on the basis of their application of Internal Market relevant acquis. The application of Article 5(6) of Regulation (EU) 2018/842 is therefore without prejudice to the scope of the EEA Agreement. According to Article 102 of the EEA Agreement, the incorporation of the EU acquis into the EEA Agreement should take place “as closely as 5 Part V of the EEA Agreement ("Horizontal provisions relevant to the four freedoms") refers to social policy, consumer protection, environment, statistics and company law. Legal basis. On its basis, these three countries participate extensively in the internal market. A central principle of the EEA Agreement is homogeneity, which means that the same rules and conditions of competition apply to all economic operators within the EEA. For the EEA: Article 217 of the Treaty on the Functioning of the European Union (Association Agreements). (10) The EFTA Surveillance Authority should coordinate closely with the Commission The EU and EEA partners (Norway and Iceland) are also linked by various ‘northern policies’ and forums which focus on the rapidly evolving northern reaches of Europe and the Arctic region as a whole. The provisions of the Agreement on the European Economic Area (EEA) determine the relations of the EFTA countries Norway, Iceland and Liechtenstein with the EU and its Member States. The Agreement creating the European Economic Area (EEA) entered into force on 1 January 1994. About Agreement on the European Economic Area.