Meetings of the Economic Committee, items discussed: recent international economic developments: country notes; EFTA’s countries’ experience with floating exchange rates; Developments in EFTA countries: Austria, Iceland, Sweden, Norway, Portugal and Finland; Future work of the Committee; Some implications for EFTA of a low growth scenario; The European Monetary System (EMS): arguments for and against participation; Situation and prospects of EFTA countries: country notes; Estimates of future growth of the labour force in the EFTA countries; Development of trade; comparability of EFTA and EC statistics.
EFTA/EC/INF 1/77 – 2/79: Lists of participants; Press communiqué and declaration issued by the Conference of Members of Governments of EFTA countries at the highest possible level (05/1977) on the future role of the EFTA countries in the framework of European and world economic cooperation and development; Downing Street Declaration, (05/1977) concerning the world economy and the need for cooperation with international associations such as the UN, the World Bank, the IMF, the GATT and the OECD and the need for job creation, sustained non-inflationary growth, improved financing facilities, strong political leadership, conserve energy, sustained and equitable growth for developing countries.

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See EFTA 550 - 556