On January 1, 1994, the European Economic Area was established due to the establishment of the European Economic Area. On January 1, 1994, the approach of the 12 European Communities and the 7 European Free Trade Union countries, including Austria, Finland, Iceland, Norway and Sweden, began the idea of the establishment of the European Economic Area in 1984, but until June 1994, the largest free trade area in the world ¨C the European Economic Area ¨C was officially established. The birth of the European Economic Area not only changed the relationship between the European Communities and the European Free Trade Union, but also had a major impact on the Western European Union and the world economy. But on the basis of the general interests of the European Communities and the European Free Trade Union, the original supplementation was also agreed in 1992, and due to the fact that the European Economic Area was officially signed by Portugal on May 2,