Complementary roles in economic cooperation

EFTA has always maintained good working relations with the Organisation for Economic Co-operation and Development (OECD), established in 1961 as the successor to the Organisation for European Economic Co-operation (OEEC). The relationship between EFTA and the OECD has been complementary from the outset. While EFTA focuses on regional integration and preferential trade agreements, the OECD offers a broader platform for sharing experiences and developing best practices across policy areas that directly affect trade, investment and competitiveness.

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Coordination and dialogue in practice

Cooperation between EFTA and the OECD has taken different forms over the years. Already in the 1960s, the EFTA Secretariat was represented regularly at OECD Council Ministerial Meetings, attended various committees such as the Trade Committee as an observer, and established working arrangements in areas like statistics. The first inter-Secretariat meeting took place in 1969, marking the start of a more structured relationship. EFTA’s participation as an observer in the OECD’s annual economic review of the EFTA States also helped to avoid duplication of work.

During the late 1970s and 1980s, EFTA strengthened this cooperation by providing its Member States with a platform for internal coordination before OECD meetings. Exchanges took place in the EFTA Committee of Trade Experts, the EFTA Economic Committee, and other forums where delegations shared draft statements and sought common positions. In some cases, such as the 1988 OECD Ministerial Meeting, the EFTA Council Chair delivered a joint statement on behalf of all EFTA States.

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Shared standards and policy alignment

The revision of the EFTA Convention in the late 1990s, which led to the Vaduz Convention, further demonstrated the complementary relationship between EFTA and the OECD, as many of the new provisions mirrored OECD standards.

The long-standing relationship between EFTA and the OECD highlights how regional and multilateral approaches can complement each other. By maintaining close dialogue and aligning policy objectives, the EFTA States ensure that their trade and economic frameworks remain anchored in globally recognised best practices.

Chapters

Celebrating 65 years of EFTA

Regional roots, global reach

Setting the scene

The foundation of EFTA

EFTA between 1960 and 1984

Consolidation and economic cooperation

Deepening European cooperation

The Luxembourg Process and the road to the EEA

Relations with third countries

Partnerships beyond EFTA and the first free trade agreement (1967-1979)

Global Expansion

From the Mediterranean to worldwide trade partnerships

EFTA: from trade to transformation

Development, cooperation and knowledge exchange

Relations with international organisations

Building bridges beyond Europe

EFTA and the OECD

A partnership in economic policy

From Stockholm to Vaduz

Modernisation and continuity

EFTA today

From regional bloc to global hub

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