Summary
The European Parliament gives consent to new financial agreements between the EU, Iceland, Liechtenstein, and Norway. These funds aim to reduce economic and social disparities within the European Economic Area for the period 2014-2021. 10 18.05.2017
Other
trade
economy
finance
social policy
european union
international relations
Key points
- Establishment of financial mechanisms for the period 2014-2021 to reduce economic disparities.
- A total financial contribution of 2.8 billion EUR will be provided by the EEA EFTA states.
- The funding includes specific allocations to address youth unemployment.
- There is an 11.3% increase in financial contributions compared to the 2009-2014 period.
Documents (PDFs)
RECOMMENDATION on the draft Council decision on conclusion of the Agreement between the European Union, Iceland, the Principality of Liechtenstein and the Kingdom of Norway on an EEA Financial Mechanism 2014-2021, the Agreement between the Kingdom of Norway and the European Union on a Norwegian Financial Mechanism for the period 2014-2021, the Additional Protocol to the Agreement between the European Economic Community and the Kingdom of Norway, and the Additional Protocol to the Agreement between the European Economic Community and Iceland
Agreement between the EU, Iceland, Liechtenstein and Norway on an EEA Financial Mechanism 2014-2021 ***
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