Definition of European economic area in English:

European economic area

noun

  • 1A group of European nations whose economies are in some way linked or integrated.

  • 2Specifically (in form European Economic Area) a free-trade zone operative from 1994, composed of the states of the European Union (when first mooted, the European Economic Community), and certain members of the European Free Trade Association; abbreviated EEA.

Origin

1940s; earliest use found in Population Index.