47th Annual Report of the European Free Trade Association, 2007. 2007 was an eventful year for EFTA. Important milestones were reached both in the European Economic Area and in free trade relations, the two principal fields of activity of our organization. Three of the highlights of the year were the finalisation of the negotiations on a free trade agreement with Canada, the enlargement of the EEA Agreement to Bulgaria and Romania, and the inclusion of the EEA EFTA States in the new EU programmes for the period 2007-2013.