| Summary: | Iceland is not a member of the EU. However, as a member of the European Free Trade Association (EFTA), it participates in the EU’s internal market through the Agreement on the European Economic Area (EEA). Iceland adopts EU legislation with the most notable exclusions being laws regarding agriculture and fisheries. The EEA was established on 1 January 1994 upon entry into force of an agreement between the EFTA States and the EU’s predecessors. A Joint Committee consisting of the EEA–EFTA States plus the European Commission, representing the EU, has a role of extending relevant EU law to the non-EU members. An EEA Council meets at least biannually to govern the overall relationship between the EEA members. The EFTA Surveillance Authority and the EFTA Court regulate the activities of the EFTA members in respect of their obligations under the EEA Agreement.
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