The European Union (EU) has always functioned as a customs union rather than a free trade area with its predecessor, the Creation of the European Economic Community (EEC). The EU has free trade agreements at different levels with most other European countries. CEFTA developed in southern Europe with members from the Western Balkans and Moldova. All new CEFTA countries, with the exception of the Republic of Moldova, are potential members of the EU and, therefore, EFTA is the only long-term free trade area, as there are no immediate plans for these countries to change their current status. However, CEFTA can attract new members in the form of neighbouring countries of the current EU. The NAFTA agreement was concluded on 13 The three states signed on 1 September 1993 and entered into force on 1 April 1994. On 1 January 1997, the Agreement was extended to trade in agricultural products. On 1 May 2004, the three Member States acceded to the European Union and NAFTA ceased to exist. The EU shares its internal market with three EFTA members on the Agreement on the European Economic Area and the rest of EFTA – Switzerland – on bilateral agreements. There are currently four multilateral free trade areas in Europe and, in recent history, a former free trade area.

Note that there are also a number of bilateral free trade agreements between states and between trading blocs; and that some States participate in more than one free trade area. 15.5 These Terms, together with all orders and contracts entered into under such contracts, constitute the entire agreement between the parties and supersede all prior agreements and understandings between them regarding their subject matter. “BAFTA Marks” means the Trademarks, Logos and Other Marks of Buyer that Buyer communicates from time to time to Supplier. 7.5 Supplier may: (a) use NAFTA characters only as instructed in writing by Buyer; b) not to use or authorize the BAFTA Marks in a manner that, in Buyer`s reasonable discretion, harms or is likely to damage Buyer`s image, and not knowingly take or authorize any action that may jeopardize Buyer`s rights and ownership of the BAFTA Marks; and (c) not seek to acquire any rights, title or shares in the BAFTA Marks or to apply for registration of a BAFTA Mark or a mark similar to a BAFTA Mark to be confused. . . .