ELI5: Explain Like I'm 5

European Economic Area

The European Economic Area (EEA) is a group of 28 countries in Europe that have agreed to trade and cooperate with each other. This means that people, goods and services can travel freely between these countries. It also means that businesses in one country can work in other countries without having to pay extra taxes or fees. The EEA helps to keep the economy of Europe strong and growing.