<Tr> <Th> Total </Th> <Td> € 14 trillion ($18 trillion) </Td> </Tr> <Tr> <Th> Per capita </Th> <Td> € 27,300 ($34,000) </Td> </Tr> <P> The European Economic Area (EEA) is the area in which the Agreement on the EEA provides for the free movement of persons, goods, services and capital within the European Single Market, including the freedom to choose residence in any country within this area . The EEA was established on 1 January 1994 upon entry into force of the EEA Agreement . The contracting parties are the European Union, its members states, and the member states of the European Free Trade Association . </P> <P> However, the EEA Treaty is a commercial treaty and differs from the EU Treaties in certain key respects . The EFTA members do not participate in the Common Agricultural Policy or the Common Fisheries Policy . According to Article 1 its purpose is to "promote a continuous and balanced strengthening of trade and economic relation ." Unlike the EU Treaties, there is no mention of "ever closer union" and the EFTA members may opt out of or place limits or restrictions on the free movement of workers, via Article 28 (3) or Article 112 of the Treaty . </P>

What is the difference between the eu and eea
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