Q. With reference to European Free Trade Association (EFTA) consider the following statements:
1.It is a regional trade organization.
2.Germany is the member country of EFTA.
3.EFTA companies are world leaders in pharmaceuticals.
Which of the statements given above are correct?
Statement 1 and 3 are correct. EFTA is a regional trade organization. EFTA companies are world leaders in pharmaceuticals, biotechnology, machinery manufacturing, etc.
Statement 2 is incorrect. EFTA include four countries – Iceland, Liechtenstein, Norway and Switzerland.