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LITHUANIA STARTS NEGOTIATIONS ON ACCESSION TO EUROPEAN ECONOMIC AREA

On 9 January, a delegation led by Director of the Economics Department of the Lithuanian Ministry of Foreign Affairs Romas Švedas launched in Brussels negotiations on Lithuania’s accession to the Agreement on the European Economic Area (EEA). The talks on Lithuania’s accession to the EEA are planned to be concluded in three months. After coming into force on 1 January 1994, the EEA Agreement expanded the European Union’s single market onto the three additional countries - Iceland, Liechtenstein and Norway. Thus the single market comprising 18 states was formed, enjoying uniform basic regulations on free movement of goods, services, capital and persons.