Common Contracts

INCORPORATION AND IMPLEMENTATION – THE EXECUTION OF THE EEA AGREEMENT BY THE

June 25th, 2019

• Filed
  June 25th, 2019

The EEA Agreement is the most extensive international agreement Iceland has entered into, and plays a vital role in the country´s economy. The principal objective of the Agreement is to expand Europe’s internal market, so that the four freedoms, ie free movement of goods, persons, services and capital, apply not only to the EU Member States, but also to the EEA EFTA States. The execution of the EEA Agreement is a complicated task and entails two steps; Firstly, EU acts (that are EEA-relevant), have to be incorporated into the EEA Agreement. Secondly the EEA acts need to be implemented at national level. This two-step process, has not been working sufficiently well in recent years, resulting in failure by the Icelandic state to fulfil its obligations on the basis of the EEA Agreement. The aim of this paper to to explain why, by defining and analysing all the factors that hinder the incorporation of EU/EEA law into the EEA legal order and implementation into Icelandic law. Furthermore th