Council Decision no. 16 of 1964 established an EFTA Economic Committee to examine the economic and financial situation of member countries, to review the economic and financial policies of member countries , including their implementation in practice and their impact in any of their aspects on the economies of member states and on the satisfactory operation of the FTA.

The Economic Committee, consisted mostly of officials from finance ministries and central banks in EFTA countries, generally meet twice yearly. The meetings are normally held shortly before the Councils meet at ministerial level so that they can have up-to-date advice on current economic developments.

There are often the reports of the Chairman in these volumes concerning the international economic situation and prospects.

There were a lot of duplicates among the files which have been removed.