The United Kingdom Government at that time held out no prospect of the Bailiwick of Guernsey having a limited connection with the EEC, which it contended would require a modification of the Treaty of Rome which, in all inevitability, would not be granted. After having negotiated the Surveillance Authority, the ECJ confirmed its legality in Opinion 1/92. [4][13] The United Kingdom transitionally continues to be an EEA member after it withdrew from the EU on 31 January 2020, and entered into a transition period ending 31 December 2020. The fall of the Iron Curtain had made the EU less hesitant to accept these highly developed countries as member states, since that would relieve the pressure on the EU's budget when the former socialist countries of Central Europe were to join. Switzerland is … Other nationals of Member States of the European Economic Area and Switzerland. During this transition period the relationship between Guernsey and Jersey on the one hand, and the EU on the other, will not change. The EFTA Secretariat is headquartered in Geneva, Switzerland. WHILE Guernsey might be set to adopt part of the UK’s immigration act ending free movement for European workers, it does not mean the island will necessarily use a point-based system, Home Affairs president Rob Prow has said, following 11th hour negotiations with the UK. The EEA and Norway Grants are the financial contributions of Iceland, Liechtenstein and Norway to reduce social and economic disparities in Europe. [70] After the EU/EEA enlargement of 2004, there was a tenfold increase in the financial contribution of the EEA States, in particular Norway, to social and economic cohesion in the Internal Market (€1167 million over five years). [49] The Faroes, which form part of the Danish Realm, is not a sovereign state, and according to a report prepared for the Faroes Ministry of Foreign Affairs "under its constitutional status the Faroes cannot become an independent Contracting Party to the EEA Agreement due to the fact that the Faroes are not a state". They have a combined population of approximately 165,000, and a combined GDP of approximately £6.2billion. On 15th December 1971 the States of Guernsey concurred by voting unanimously to accept the negotiated terms. As EEA membership is currently only open to EFTA or EU members, the consent of existing EFTA member states is required for the microstates to join the EEA without becoming members of the EU. [9][10] The right and rules applicable in all EEA member states, including those which are not members of the EU, are specified in Directive 2004/38/EC[10] and in the EEA Agreement.[9]. Alderney is the northernmost of the inhabited Channel Islands. Who can live in Guernsey? British citizens (including other Commonwealth nationals who have the right of abode in the UK), nationals of the European Union (EU), the European Economic Area (EEA) and Swiss nationals can immigrate to Guernsey with relatively minor regulations. They are located just off the coast of France, in the English Channel. The EEA was established on 1 January 1994 upon entry into force of the EEA Agreement. The agreement entered into force on December 6, 2005, following the enlargement of the European Union in 2004. The European Economic Area (EEA) Agreement is an agreement made in 1992 that brings the European Union (EU) member countries and three of the European … The EEA Agreement contains provisions for input from the EEA/EFTA countries at various stages before legislation is adopted, including consent at the EEA Joint Committee. In 2011, Jonas Gahr Støre, the then Foreign Minister of Norway which is an EFTA member state, said that EFTA/EEA membership for the microstates was not the appropriate mechanism for their integration into the internal market because their requirements differed from those of larger countries such as Norway, and suggested that a simplified association would be better suited for them. The EEA EFTA States (Norway, Iceland, Liechtenstein) signed a Separation Agreement with the UK on 28 January 2020, which is understood to mirror the EEA-relevant parts of the EU-UK Withdrawal Agreement.[14]. [16][17] On 6 December 1992, Switzerland's voters rejected the ratification of the agreement in a constitutionally mandated referendum,[18] effectively freezing the application for EC membership submitted earlier in the year. All Guernsey funds are eligible to be marketed into the European Union and European Economic Area (“EEA”) in accordance with the provisions of the AIFMD through both: 1. national private placement regimes; and 2. Guernsey is not part of the European Union. Agriculture and fisheries are not covered by the EEA. Guernsey and Jersey Key Brexit Points Guernsey and Jersey are not part of the EU or the European Economic Area (EEA), but they are currently part of the EU Customs Union in accordance with Protocol 3 to the Act of Accession to the European Economic Community of 1972. While the EEA is about free movement of goods, services, capital and people, the Schengen Area is about travelling without border controls with a unified visa regime for the whole area. In the late 1980s, the EFTA member states, led by Sweden, began looking at options to join the then-existing European Economic Community (EEC), the precursor of the European Union (EU). All Guernsey funds are eligible to be marketed into the European Union and European Economic Area (“EEA”) in accordance with the provisions of the AIFMD through both: 1. national private placement regimes; and 2. funds for sale to retail clients in South Africa. Not being bound by the Common Fisheries Policy is perceived as very important by Norway and Iceland, and a major reason not to join the EU. EUROPEAN ECONOMIC AREA EFTA SURVEILL ANCE AUTHORIT Y DECISION No 271/14/COL of 9 July 2014 amending for the 97th time the procedural and subst antive r ules in the f ield of State aid by adopting new Guidelines for research and development and … British citizens, other nationals of the Member States of the European Economic Area and Switzerland and other nationals having a permanent settlement do not require an entry clearance from the Guernsey Border Agency. The 30 states + EC signed an agreement on the participation of two new states in the EEA on July 25, 2007. (once available) the third-country passporting regime. Jersey and the European Union. The initialism EEA stands for the European Economic Area, which is a European territory consisting of 30 countries. However, a country does not need to be part of the EEA, to participate in the EFTA. This includes: • nationals of any state belonging to the European Economic Area; • residents of the British Islands or in a British Overseas Territory; The EFTA Surveillance Authority has its headquarters in Brussels, Belgium (the same location as the headquarters of the European Commission), while the EFTA Court has its headquarters in Luxembourg (the same location as the headquarters of the European Court of Justice). Membership has grown to 30 states as of 2020: 27 EU member states, as well as three of the four member states of the EFTA (Iceland, Liechtenstein and Norway). In 1967 Guernsey was faced with the prospect of the United Kingdom joining the European Economic Community (EEC). [50] However, the report went on to suggest that it is possible that the "Kingdom of Denmark in respect of the Faroes" could join the EFTA. [69], As a counterpart, these countries have to adopt part of the Law of the European Union. [56], On 18 November 2013, the EU Commission concluded that "the participation of the small-sized countries in the EEA is not judged to be a viable option at present due to the political and institutional reasons", and that Association Agreements were a more feasible mechanism to integrate the microstates into the internal market.[58]. However, he stated that Norway was open to the possibility of EFTA membership for the microstates if they decide to submit an application, and that the country had not made a final decision on the matter. Funds established in Guernsey do not, therefore, have access to the UCITS passport. 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