Similar questions have been asked once or twice on this sub, but none of the answers really made any sense to me. The EEA seems like it’s basically the EU with a couple of extra nations in the mix, with basically the same rules and regulations. What actually differs between them?
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Notable differences between EAA and EU…
The EEA agreement is quite limited compared to the EU membership. Among other things, the EEA agreement does not include:
1. The EU Customs Union and trade agreements with third countries.
2. The Common Agricultural Policy.
3. The Common Fisheries Policy.
4. Also EU attempts to coordinate taxation.
5. EU countries share the same monetary policy and the same currency – EURO. AND
6. The Common Foreign and Security Policy. The EU speaks with one voice in international forums, such as the UN.
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